Compensation Management
Create faster, easier compensation reviews
Take the stress out of compensation reviews with centralised data, access control and easy approvals.
See Compensation Management in action
Anna Rusinek
Head of Business Development & People Analytics, Westwing
"We put employee experience first. Compensation Management will help us to make this a reality by reducing complexity and allowing us to channel our energy towards team development."
Stay on track and on budget
Simple compensation cycle set-up means tracking and approvals are a breeze and you easily stay on budget. Maximise stakeholder satisfaction from the bottom up.
Simplify complexities
Handle multi-currency scenarios with in-built exchange rates you can set. Build engagement with one-time compensation and easily manage compensation for part-time employees.
Be more fair and transparent
Reduce bias with salary bands, performance ratings and compa-ratios. Create supervisor guidelines so decision-makers stay within your policies and employees have a fair process.
Balance data privacy and access
Minimise risks with centralised information and relevant access rights: no more accidental shares of sensitive data. Ensure key stakeholders have the right oversight.
Get rid of multiple systems
Gain a single interface for salaries across teams. Remove the stress of spreadsheets. Personio automatically updates salary data for payroll and adds reward letters into employee profiles.
Make it easy for managers
Empower managers to make informed decisions, with data in one place. Add contextual information and reduce delays with notifications and provide instant reward letters.
Benchmarking
Make data-driven compensation decisions with instant access to benchmarking data. Ensure you can stay competitive to ever-changing talent markets.
Download: Salary bands: Best practices and template
This easy-to-use best practice helps set you up for success by:
Understanding the critical role of salary bands
Learning the best practices for setting salary bands
Creating your own salary bands with a helpful template and process
Learn more about Compensation Management
✓Get individual consultation for you and your team from our Customer Growth Team
✓ Start your first compensation cycle now and simplify the way you review and adjust salaries