Appropriate employee remuneration has become a complex problem for businesses of all sizes. This problem is being compounded as employee remuneration is less defined by industry or union guidelines and more determined by workplace agreements or individual negotiation. Employers need mechanisms for reviewing employee performance against contractual benchmarks and providing equitable remuneration in a repeatable and transparent process that is applied consistently throughout the organisation
Motivating your entire workforce to really strive towards corporate goals requires the right incentive plans. Remunerate's built in incentive plan facilities enable the implementation of the incentive plans you need in order to achieve your desired outcomes.
Remunerate's comprehensive reporting allows you to analyse salary distribution across the organisation and identify any inconsistencies between employee groups by region, gender or ethnic group.
Remunerate allows all employees in the organisation to be reviewed in a single cycle as it supports multiple currencies and interfaces with multiple HR / payroll systems.
Remunerate allows you to define the business rules that Line Managers must follow when allocating compensation budgets.
Remunerate is simple to use and shortens the entire review process. Automated workflow notifies participants when there involvement is required. The single source of data source of data ensures the latest information is always available.
By removing most of the manual processing involved in performing salary and incentive compensation reviews, Remunerate can pay for itself in the first review cycle. Remunerate lowers the cost and increases the flexibility of your salary review process.