Cornerstone Compensation
Connect employee performance and compensation to build a pay-for-performance culture
Your employees are the key in helping you take your business to the next level. Why not reward them for their efforts? Creating an environment in which your employees are rewarded for their hard work in direct relation to their performance will be a driving factor in having your employees stay with you and boost business. Extend compensation measures beyond quota-carrying sales staff and foster total compensation management.
BENEFITS
- Increase employee productivity
- Improve employee retention and engagement
- enable greater consistency trough performance review process
- close skill gaps with targeted training
- Improve collaboration communication among employees
- Get a rapid return on investment (ROI)
Cornerstone Compensation is able to adjust to different types of workers, short-range and long-range compensation, hourly, salary, or commissioned employees. Cornerstone Compensation provides the tools to allow organizations to reward the behaviors and outcomes they desire most. A pay-for-performance culture promotes ongoing goal achievement, competencies strategically mapped to roles, and high levels of retention.
Compensation and Salary Planning
Cornerstone Compensation manages all types of employee compensation programs including salary, merit increases, market adjustments, lump sum payments, and other discretionary pay components.
- Cornerstone Compensation manages a variety of compensation programs including salary, merit increases, market adjustments, lump sum payments and other discretionary pay components.
- Salary data integrated for immediate and accurate valuation of specific job roles.
- Flexible, role-based administration matches widely varied workflows.
Incentive Management
Cornerstone Compensation simplifies processes around administering meaningful incentive programs for the distribution of bonus and salary.
- Bonus management tools give managers appropriate organizational guidelines for awarding bonus pay.
- Equity management tools support complex rules around eligibility, vesting, and grant size.
- Supports all types of stock management planning for restricted stock awards, incentive stock options, and non-qualified stock options.
Budgeting and Reporting
Cornerstone Compensation also delivers a range of tools to increase transparency and visibility for administrators and managers.
- Approval workflows can be configured to meet event the most complex practices.
- Easy access of budget summaries and analytics.
- Standard reports help pull key data around adjustment guidelines, budget status, compensation task status, EEO reporting and more.