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Link pay to performance and drive results.
To be successful in today's economy, it is crucial to maximize the effectiveness of your compensation programs. Cornerstone provides the tools that allow organisations to establish compensation processes and guidelines that lead to better business execution and results.
Manage a wide range of compensation programs including salary, merit increases, market adjustments, lump sum payments, and other discretionary pay components.
Develop and implement incentive programs for the distribution of bonus and equity with tools that improve accuracy, boost consistency, and ensure compliance.
Create organisation-branded compensation statements that provide employees with information on the total value of their compensation package in one comprehensive view.
Increase transparency and visibility for managers with reports and dashboards that show approval workflows, budget summaries and scenarios, and analytics tools that allow for the creation of sophisticated custom reports.
Design comprehensive compensation programs that optimize budgets, improve compliance, reduce manual processes, and reward high-performing employees.
Gain greater visibility and insight into rewards and performance to conduct a total compensation analysis. With critical employee performance and market data, managers have the ability to make more informed decisions about the allocation of base pay, bonus, and equity awards.
Build compensation plans that directly link compensation to employee performance. Rewarding employees for hard work drives retention and promotes accountability and productivity. Effectively allocate compensation budgets to retain top performers and avoid overpaying underperformers.
Run comprehensive, secure and accurate compensation processes simply and effectively. Automating compensation planning eliminates manual processes, reduces paperwork, and shortens compensation cycles - saving time and administrative costs.
Combine organisational data, performance data, and compensation models to bridge the gap between employee performance and compensation. With these insights, managers have clear guidelines for making compensation decisions, ensuring compliance and fairness.