Complex organisations inevitably have complex compensation structures and managing this area is time-consuming and resource-draining. Cornerstone Compensation automates many of these key processes, simplifies others, and lets organisations build workflows that are iron-clad and effective.
Cornerstone Compensation, like all elements of the suite, is highly flexible, allowing companies to tie the compensation plans to a wide range of different factors, including:
Performance review scores
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Competency assessments |
Goals |
Development plans |
Company goals and objectives |
Team goals and objectives |
Individual objectives |
Value of work within the company |
Market data |
All factors can be weighted to reflect specific organisational priorities, and organisations can use Cornerstone to build custom metrics. Of course, all compensation activity is wrapped with Cornerstone Analytics for real-time insights and analysis.
Further, Cornerstone Compensation lets organisations:
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Suggest pay adjustments based on performance factors
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Calculate compensation-ratios |
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Build specific managerial workflows with automated notifications |
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Generate reports and view executive dashboards |
Cornerstone Compensation is built on open architecture, allowing you to leverage existing IT infrastructure and investments at minimal up-front cost. The system typically integrates with your existing HRIS systems within days, and deploys enterprise-wide within weeks. Because its interface is intuitive and easy-to-use and you can configure the system to match your current processes, user adoption occurs rapidly without intensive training.
Cornerstone Compensation helps clients build a culture of direct reward for high performance and goal achievement, fulfilling many of the promises of integrated talent management
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