Compensation & Benefits Suite
PrajjoHR® Solutions help organizations in designing and rewarding their employees.
Compensation deals with establishing a meaningful and acceptable relationship between work and rewards. Work performed by employee should help organizations achieve their respective business objectives. Effective Compensation Management provides strong, motivated, passionate human resources who deliver results and paid for accordingly-competitively. Whole efforts are to reward the most valuable assets-Human Resources for their targeted results.
Compensation & Benefits Suite
Kenbox’s Compensation Management suite is an exhaustive suite on the subject that helps developing a market driven, people-oriented compensation strategy and driving it to achieve end business results.
Compensation Management Suite is designed in such a way that it totally supports the strategic plans and actions of organizations.
Kenbox Compensation Management suite helps in achieving objectives like,
- 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 organizations 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.
Bonus Management
Performance based bonus designing, modelling & disbursement in line with corporate and regulatory guidelines. YOY bonus payment tracking and simulation to suite to individual organization’s needs.
Deferred Compensation Management
Planning & designing deferred compensation, and timely release through simple on one single platform. Data maintenance for future utilization 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 organizations.
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.
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Tell us what is making you to either procrastinate or avoid taking decisions, we will recommend solutions.
