Compensation Management

Competitive compensation increases employee motivation and commitment to the company – reinforcing your performance-driven culture. By using StepStone's Compensation Management Solution you can build, manage, and evaluate salary programs in your organisation, based on advanced, market data-driven compensation analysis.

With StepStone's Total Compensation you can build compelling salary programs, control your salary planning research, and produce and evaluate compensation profiles that encourage employees’ performance and reduce retention risk. You can develop dynamic, in-depth compensation strategies for all allowances including performance incentives, stock options, bonuses, and voluntary social contributions. The reporting function allows you to monitor the overall effectiveness of your compensation policies at any time. Annual adjustments and compensation reviews are made easier with configurable programs based on performance and salary scenarios for specific target groups and individuals.

StepStone's Market Compensation Solution compares your compensation structures against real market data, which are easily defined via a combination of different market surveys. With this comprehensive information behind you, you are ideally equipped to offer market-leading salaries and benefits whilst maintaining a reliable, up-to-date outlook on your compensation structures.

Benefits

  • Competitive compensation structures to attract, retain and motivate your employees
  • Well-founded decision support and secure financial control
  • Facilitates long and short term incentive planning
  • Supports analysis of pay equity across the entire organisation
  • Rewards employees for their performance and positive impact on the business
  • Integrates fully with StepStone's Performance Management Solution

Features

  • Reports and analysis to create compensation packages and action plans for individuals or target groups
  • Compensation assessments ensure consistent compensation review processes
  • Total Compensation for the alignment and achievement of strategic compensation objectives
  • Integration with multiple survey providers for up-to-date market data
  • Flexible programming for salary programs that meet the needs of different regions or employee groups
  • Salary planning and budget control