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Compensation Management
Unlock efficiency with fully compliant and attractive compensation programs for the new age workforce.
Darwinbox recognized as the Customers' Choice in 2022 Gartner® Peer Insights™ 'Voice of the Customer' Report for Cloud HCM Suites
Simplify the most complex compensation needs across
- Salary Increments
- Bonuses
- Sales Incentives
- LTI
- Reward Programs
100%
configurable platform to cater to complex structures and policies
90%
Extraordinarily efficient, reducing the processing time
Key highlights
for seamless flow of information, easy user assignments, and unmatched configurability, compensation planning by Darwinbox provides an array of functionalities including
Salary Management
Automated annual or ad-hoc salary review, and merit & promotion processes aligned with the organization’s compensation policy and budget
Incentive Management
Design, simulation, and launch of bonus schemes, and communication of Long-Term Incentive (LTI) plans, both stock and/or cash-based
Analytics
Access to critical insights around compensation, with 40 library reports and 4000 dimensions for custom HR reports
Pay Equity Management
Linkage of internal & external market data to enable smarter and equitable compensation decisions
DE&I Support
Thorough analysis and recommendations focused on addressing any pay gaps and supporting a more equitable and inclusive workplace
Total Rewards Statements
Detailed view of the complete value of employees’ pay, benefits, and rewards package
Marketplace Integration
Easy integrations with leading redemption marketplaces like XOXODay, and Sodexo
Compensation planning made easy with
Compensation Modelling
Streamline rewards planning with extensive functionality backed with built-in analytics and make compensation decisions smarter & more equitable
Key Benefits
- Instant budget analysis
- Prediction capabilities
- Embedded market salary benchmark data
- Instant matching
- Comparative analysis
- Pay equity monitoring
- Recommendation alerts
- Seamless inputs to offer letter generation module
- Compensation Letters
Live dashboard that offers full visibility and control to HR
Manages multiple currencies & languages
Extensive audit trails
Sales Incentive Planning (SIP)
Deduce accurate sales incentives and related views for all stakeholders with a nimble & comprehensive Sales Incentive Engine
Key Benefits
- Multiple and custom workflows for varied inputs
- Predicting pay-outs via Employee Self-Simulator
- Helps in data-backed target setting
Provides real-time analytics
Effortlessly scalable
Extensive audit trails
Integrates with leading CRM systems
Features to help you plan smarter
Help Your Employees Help Themselves Using Darwinbox
