Compensation Management

Ensure Fair, Competitive Pay

Your employees work hard for you. Many factors go into their job satisfaction, including fair compensation. Use our Compensation Management tool to reward your employees while keeping your organization’s bottom line top of mind. Allocate budgets that align with business goals and work with supervisors to make decisions together on pay. We give you the insights you need so you can pay your employees fairly and accurately.

Do More for Your People

Budget Management

Allocate overall budget and participant eligibility for the plan(s) to ensure alignment with organizational goals, and view budget summaries.

Automation

Implement automated compensation plan(s), helping you move from a paper-driven management method to a streamlined, electronic one.

Analytics

Use customized dashboards to see performance and compensation history at customized permission levels (Administrator, Manager, etc.).

Make Well-Informed Merit Increase Decisions

Allow your team the flexibility to make annual increases or one-time bonus payments. Compensation management data and insights provide guidance to customize merit plans based on your pay cycles. Allocate overall budget and participant eligibility for the plans to ensure alignment with organization goals. And configure the plans' guidelines and processes with automated approval workflows.


We Get You

Payroll Manager

Administrators can configure the plan’s population and eligibility requirements, proration rules, and automated approval process.

Managers and Supervisors

Supervisors can easily manage their budget and distribute increases accordingly by drilling down into performance, pay history, and more.

Executives and Leaders

Leadership has an executive view across their reporting structure to see a breakdown of team budgets and payment allocations.


capabilities

Data Insights

Monitor key metrics, identify trends and make smarter, data-backed decisions with visual dashboards.

Mobile

Get the most out of your workday with the freedom to connect to Paylocity anywhere, at any time.

Integrations

You want the freedom to choose the software and systems that are best for your business.

Ready to request a demo?

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