Compensation reviews in medium to large organisations can be a complex process and not as effective as they should be. PeopleStreme Remuneration & Rewards manager helps connect employees closer to performance and engagement and make it count for your bottom-line.
Remuneration & Rewards manager enables you to automate time intensive tasks and gain improved visibility of the remuneration process. Manage base salary increments, bonuses, short term incentives and more; place emphasis on pay for performance, drive business outcomes and eliminate spreadsheets with a fully automated, online system.
Delivered as software as a service, PeopleStreme’s Remuneration & Rewards manager:
Create a strong pay-for-performance culture based on objective, transparent processes. Align employee salary directly to performance management outcomes and simplify remuneration for everyone.
No two business objectives are exactly the same – so with PeopleStreme Remuneration manager, you can create and adjust flexible compensation programs.
Have the confidence that high performers are being rewarded in a meaningful way by linking pay to their performance. Linking the remuneration system to your Performance Management System, managers are able to split the rewards based on their ratings, goals or other objectives making the process a completely transparent one.
Having visibility of the entire compensation process, you can have the confidence that you’ll always stay within budget. Since managers have the discretion to tune bonuses and STIs, it’s important to identify any gaps or oversights with transparency around remuneration decisions and budgets.
Save valuable time by automating workflows, notifications and reminders. Easily define budget and approval processes, set salary scales, merit matrices, bonus metric profiles, and define guidelines. When the process is complete, easily export compensation adjustments to your payroll or financial system in a single, automated step — all within a secure, controlled environment.
PeopleStreme’s Remuneration Module is an intuitive and user friendly online solution for all of your remuneration and reward needs.
Run comprehensive, secure and accurate remuneration planning easy and efficiently. Automating compensation planning eliminates manual processes, reduces paperwork, and shortens remuneration cycles – saving time and money.
With comprehensive metrics, your executives can easily identify top performers and can feel confident their workforce is being compensated fairly.
Have confidence that high performers are recognised and rewarded in a meaningful way by linking pay directly to performance.
With unique split screen visibility into performance appraisal ratings, the attainment of goals, professional development activities, and other performance indicators and incentives, managers can recommend and distribute merit increases and bonuses in an objective, transparent manner.
Quickly identify and flag any increases that fall outside of guidelines to ensure your organisation stays within budget — every time.
Provide managers with discretion in allocating budgets and increases. Or distribute set increases across all departments and allow managers to make adjustments within these allocations. Executives and upper level managers will be delighted they can view these allocations and either approve or edit them, as part of one, seamless process.
We know how important it is that your employees feel comfortable when things change, so we let you customise your new HR platform to match your colours, logo, rating scales, manager roles & more!
And yes, these changes are all easily managed by you and come standard with any PeopleStreme platform!
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