Compensation Calculations Functions & Features

Major modules covered Automatically calculates earned compensations;Automatically calculates accrued compensations;Automatically calculates paid compensations;Calculates seasonal bonuses;Calculates SPIFs (incentive for new business opportunities brought);Pay additional amounts for performance above a set percentage or level;.. Compensation Calculations Functions & Features are an important module of the comprehensive HCM RFP Template.

The HCM RFP template with Compensation Calculations Functions & Features for HCM is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 1430 decision criteria. The HCM RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to HCM software vendors. It ensures for:

complete response from each HCM software vendor
deep and accurate evaluation of submitted HCM proposals
impartial side-by-side comparison of HCM solutions evaluated
rational and documented selection of the best matching HCM system

The HCM software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the HCM solutions from scratch.

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The Compensation Calculations Functions & Features comprise the following elements:

Automatically calculates earned compensations
Automatically calculates earned compensations, Compensation Calculations Functions & Features
Automatically calculates accrued compensations
Automatically calculates accrued compensations, Compensation Calculations Functions & Features
Automatically calculates paid compensations
Automatically calculates paid compensations, Compensation Calculations Functions & Features
Calculates seasonal bonuses
Calculates seasonal bonuses, Compensation Calculations Functions & Features
Calculates SPIFs (incentive for new business opportunities brought)
A sales promotion incentive funds (SPIF) is a loose term referring to an "on-the-fly" addition to the compensation plan used to motivate the employees in a particular way, usually by providing additional compensation. Calculates SPIFs (incentive for new business opportunities brought), Compensation Calculations Functions & Features
Pay additional amounts for performance above a set percentage or level
Pay additional amounts for performance above a set percentage or level, Compensation Calculations Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which HCM solution is the best for your needs.

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