FocalReview® Compensation software helps you manage your Reward budget processes, including hierarchical approval, multi-currency, stock grants, lump-sum bonuses, matrix organizations, Performance Appraisal, forced ranking etc.
Our approach to Total Reward compensation software:
- Helps Compensation Managers administer orderly, consistent and rapid fixed and variable pay review cycles in complex organizations, focusing on the reviews, not administration and data transfer;
- Involves the Department Managers supported by each HR representative, and roll up results by organization;
- Gives all Managers ongoing "Manager Inquiry" insight to the employment history, ranking and stock retention potential of their direct reports;
- Enables HR Representatives to review, budget, model and apply compensation adjustments to their departments' employees and submit them for approval;
- Provides Business Managers and Executives oversight of their compensation expenses and the ability to model them with what-if functionality;
- Supports Finance Directors need for reliable budgeting tools and seamless interface to payroll;
- Recognizes Auditors need for compliance, reliable transparent record keeping, traceability and documented accountability to internal and external standards;
- Comply with Information Services standards for security, access, auditability, integration and minimal interference with Production systems;
- Uses your existing personnel data and hierarchies and integrates directly to your existing HRIS and payroll systems