Compensation & Salary Administration
“A fair day's pay for a fair day's work” has long been the motto of workers in America. Maintaining internal equity, being competitive in the market, and recognizing individuals for their contributions are the goals of any good compensation program. However, determining this “fair day’s pay” can be complicated and time consuming.
Whether you’re establishing salary ranges or writing job descriptions, Compease will substantially reduce the time it takes you to complete these tasks. Using an 8-point factor system, you can easily customize the program to fit your location and asset size. Credit union-specific benchmarks and sample job descriptions help you get started developing your own. A merit increase calculator allows you to calculate various scenarios for your payroll budgeting.
Features
- Multiple salary survey databases are used
- Over 100 job descriptions
- Job Evaluations for Salary Grade
- Software-based Tools
- Merit Increase Planner
Benefits
- Greatly reduce or eliminate the time and money spent finding, purchasing and analyzing salary surveys.
- Annual updates provide assurance that salaries remain consistent with the changing times.
- Proven Point-Factor Analysis methodology gives you the confidence that salaries are being calculated fairly and correctly.
- Create and grade job descriptions at your convenience.
- Develop new jobs from existing jobs.
- Easily grade jobs based upon the merits of the position.
- Data pool of benchmark and pro-forma jobs created by credit unions.
- Customizable Merit Increase Planner allows you to develop several budget versions and plan by the month or by the year.
- Quickly compare employees’ salaries to others within the organization or to the market.
- Wide selection of board ready reports.
- Easy-to-develop bridges between Compease and most payroll systems reduces need for duplicate data entry.
To request more information, contact Lisa Hammock at 866.834.4479, ext. 1146, via email at lisa.hammock@HRx.net or click here.
