Compensation Management
Employee compensation is often an organization's largest expense. That's why optimizing your compensation spend is so important – both for driving performance and bottom–line results.
But managing compensation processes and decisions can be extremely challenging. How can you make sure you're rewarding and retaining your employees appropriately without going over budget?
ADP compensation solutions enable you to leverage compensation to increase employee engagement and drive workforce productivity in alignment with corporate goals. Providing managers with the information and tools they need to make better compensation decisions, ADP compensation solutions support merit, bonus, stock, promotion, and a wealth of other rewards. Plus, our solution provides better control, visibility, and overall governance of how compensation changes are decided so that you can allocate rewards fairly based on progress toward goals that contribute to corporate success.
Better Control Compensation Budgets
Without budget controls and proper oversight, your organization could easily overspend its annual compensation budget – a risk that can add up to hundreds of thousands of dollars annually. ADP compensation solutions automatically enforce strict adherence to corporate guidelines and budgets, and route compensation transactions through approval workflows so managers can better control compensation spend. Easy access to dynamic decision support tools helps managers make smart, equitable decisions throughout the planning process. Visual indicators flag any recommendations that fall outside of recommended guidelines to keep budgets in check. With these built–in tools and controls, your organization can maintain detailed visibility into compensation spending as employees are rewarded based on demonstrated performance.
Compress Compensation Cycles
Simplify administration while compressing compensation planning cycles. With ADP compensation solutions, HR can define guidelines, salary ranges, market data, top–down or bottom–up budgets, planning access periods, and more prior to use by managers. By providing instant access to decision support tools at key points in the planning process, our solutions help managers make informed compensation decisions with minimal HR assistance. What's more, our solutions automatically route compensation transactions through pre–defined approval processes to further compress compensation cycles.
Support Global Compensation Plans
If your organization operates globally, you know how complex compensation planning can be. ADP's enterprise compensation solutions support global compensation plans to make things easier. Designed to support the needs of organizations ranging from regional companies to large, global enterprises, our solutions facilitate compensation planning with built–in support for multiple elements, languages, currencies, and international date/time formats helping to ensure accurate, consistent compensation planning and reporting on a global basis.
Easily Accommodates Regional and Business Unit Differences
When it comes to compensation planning for large, complex organizations, one size does not fit all. ADP compensation solutions are highly configurable to support multiple plans and processes without compromising strict corporate governance. As a result, HR is able to drive common practices and enforce corporate guidelines by leveraging one application across all geographies and business units.
Dynamic Decision Support Tools
There's a lot to consider when making compensation decisions. ADP's robust decision support tools help managers make smart compensation planning decisions quickly and easily based on formula–driven guidelines. Interactive worksheets and built–in modeling features dynamically appear on the user's screen, providing powerful decision support in the form of guidelines, salary ranges, market rates, historical employee data, budget allocations, and more. Any exceptions are highlighted as they move through the approval process. These features make it easy for managers to analyze alternative compensation actions and arrive at equitable, informed decisions that can be clearly communicated to employees.
Easy–to–Configure User Interface
Make sure confidential information stays confidential. Because compensation planning involves sensitive employee data, you need control over who has access to information. ADP compensation solutions provide role–based permissions that enable administrators to control which compensation elements, employees, and groups are visible to each user. The application provides the flexibility to offer alternate screen presentations based on plans and/or user visibility rules so managers see only those compensation elements pertaining to their staff.
Powerful Reporting and Analytics
Standard reports highlight performance distribution, adherence to budgets, and exceptions, and include helpful graphic displays, summary statistics, and detailed compensation data. In addition, managers can create their own ad–hoc reports for viewing, printing, or export. Analytic capabilities provide HR staff, managers, and executives with strategic reporting in real time, as well as a full transaction audit trail for demonstrating compliance in compensation awards.