Let business managers be empowered to make decisions for their employees equally.
COMPENSATION & BENEFITS SUITE
Compensation links work to rewards, motivates employees, and supports business goals. Kenbox’s Compensation Management suite develops a market-driven strategy to drive business results, aligning with organisational plans.
PrajjoHR compensation management suite helps in achieving objectives such as below:
- Attract, retain, reward, motivate employees
- Performance based rewards
- Benchmark to appropriate/comparable “markets”, i.e., external equity
- Reconcile internal and external equity for “job slotting” in new pay range
- Remain legally compliant
- Be easily communicated and understood
- Be cost effective
- Reinforce and reflect the mission and values of a company
- Remain unbiased and objective
- Build trust among employees
- Build a culture of raising bar of standards of performance
Our compensation management suite helps organisations in suitably designing and rewarding their employees for:
PAY FOR POSITION
PAY FOR PERFORMANCE
PAY FOR PERSON
Compensation management suite on prajjohr® platform offers
Payroll & Salary Management
Salary structuring, managing monthly payroll processing, while being compliant to local guidelines and policies. Budgeting, benchmarking & tracking all salary processes and associated costs on one single-platform.
Performance based bonus designing, modelling & disbursement in line with corporate and regulatory guidelines. Yoy bonus payment tracking and simulation to suite to individual organisation’s needs.
Deferred Compensation Management
Planning & designing deferred compensation, and timely release on one single platform. Data maintenance for future utilisation and simulation to achieve compensation objective
Planning, Budgeting And Forecasting
Manpower planning, budgeting, and forecasting future needs based on past and current manpower trends. PrajjoHR® platform provides an iterative budgeting process for different industries and organisations.
Analytics And Reporting
Real time basis compensation modelling & analyses using past and current salary parameters in a very simple, intuitive but descriptive manner. Supporting balance sheet requirements for proving different data.
Individual Compensation Planning
Platform provides detailed information to each individual for their respective compensation growth pattern. Extrinsic and intrinsic compensation trends to individuals.