solutions > By feature > Compensation
Compensation
Administer employee compensation and calculate bonuses with fair, data-driven plans aligned to organizational goals and performance metrics.
Feature capabilities
Compensation Features Include:
Fixed Compensation
Organize compensation plans with unlimited step, grade, and band structures aligned to employee categories/jobs/positions by policy, with flags to allow/disallow pay-range exceptions, and elevateX® connectors to reference benchmark salary survey data.
Variable Compensation
Calculate variable pay and generate salary increase guidelines for diverse bonus structures based on compa-ratio, position-in-range, performance rating, and other factors, with awards determined as a percentage of base salary or granted as a discretionary sum, with workflow-enabled options to override system generated guidelines.
Multi-Currency Compensation
Support globally distributed teams with multi-currency compensation. Track regional pay differences and accommodate variable Cost of Living Adjustments (COLAs) by region, along with currency conversions, temporary assignments, secondments and more.
Headcount Budget & Forecasting
Tie the compensation and position requisition process in your Elevate HR workspace to the budget planning process in your Finance & Operations ERP to better anticipate growth, optimize staffing levels, and ensure alignment across your HR, Payroll & Finance departments. Stay agile and informed with real-time insights into workforce needs and costs to ensure your team can be proactive and always equipped for success.
Unify Compensation Planning with Payroll
Calculate Gross Compensation with Elevate HR's advanced planning toolset and automatically pass the approved output to Payroll for gross-to-net calculation, statutory deductions, local tax compliance and pay disbursements. Process U.S. Payroll through our elevatePAY® service, select from our network of connected regional payroll partners with coverage across 191 countries, and/or keep your current preferred payroll providers in place thanks to our composable HR & Payroll architecture, with all payroll integrations managed centrally from the elevateX® dashboard.
Compensation Analytics
Empower decision-makers with real-time dashboards and analytics to administer fair and informed compensation decisions at every level. Curate role-specific compensation dashboards for HR administrators, front-line managers, and C-suite executives, with real-time position pay analysis to verify pay equity and identify median pay gap by category, such as department, region, job function, and demographic attribute (gender, ethnicity, etc.).
Streamlined Compensation Structures
Take control of compensation planning with flexible frameworks built for complexity. Quickly set up pay structures that scale with your organization’s growth.
Seamless Payroll & Provider Integration
Eliminate manual handoffs and data gaps by integrating payroll deductions and benefits data with your trusted providers-no coding required.
"The no-code integrations saved our team dozens of hours and ensured every deduction hit payroll without a single error." — Benefits Operations Manager, National Retail Chain
Frequently Asked Questions
It helps organizations plan, allocate, and manage employee pay, bonuses, and merit increases with data-driven tools.