The Compensation and Benefits Module helps the HR managers in making plans for benefits forecasting and allocation, which serves as one key to upgrade employee performance from satisfactory to excellent working conditions. This module also monitors other costs related to human resource development and facilitates salary modeling, budget planning, and administration of compensation and benefits.

Summary of Features

• The outline-based package management eases the complex way of setting up cafeteria or packages of benefits for the company, group, department and down the individual levels. Can comprehensively capture most, if not all, various schemes and packages offered by organizations today. 
   
  
• Has sophisticated routines to accomodate salary and budget modeling spanning different and user-defined scenarios including covered years and manpower plan. Supported by natural-language analysis of conditions in some of the packaged parameters. 
  
  
• Captures processes and reports the packages including budget, cost, entitlement and availment aspects. Most of the reports can be summarized and detailed to give users what-if analysis variants.
   
  
• Tighly integrated to Payroll module for loan deductions and balances and certifications, Time and Attendance module for leave management and Training module for monitoring cost of company sponsored training programs. 
  
  
• Using myPrime, employees could select packages or specific items upon regularization and avail of the benefits on-line.