What is Plan?
The Compensation Planner enables managers to efficiently develop merit cycles that are in line with business missions.
No more spreadsheets! Take the guesswork out of merit cycle planning and empower managers to reward employees fairly while significantly reducing the manual work necessary. Use one centralized portal to improve pay equity, reduce attrition and track budgets.
Run merit cycles to reward and retain key talent
Administer salary increases, bonuses, equity refreshers, and more with customized guidelines to stay ahead of pay inequity while staying in budget.
View your entire teams compensation
Allows managers to view team compensation across salary and equity. Provide context on where employees are in the compensation band so you can optimize spend and reduce attrition.
Retention on budget
Make responsible compensation decisions that allow you to retain existing talent while staying within budget.
Check out the links below for insight into configuring a merit cycle.
Cycle Configuration:
- Overview
- Employee Eligibility
- Columns
- Compensation Controls
- Approval Chains
- Budgets
- Data Uploads
- Recommendation Logic
Planner UX Configuration:
- Filtering and Sorting
- Monthly and Hourly Pay
- Approval Flows
- Approval Statuses
- UI Toggles
- Employee Compensation History Pop-out
- Planning Windows
OTE Planning configuration: