Highlights : About CompTrak
Compensation Management
Forecasting and Financial Modeling
Extensive Reporting Capabilities
Auditing & Compliance
Document Management
Product Details
Features
Compensation Management
Auditing & Compliance
Equity Plan Management
Workflow Management
Compensation Plan Governance
Document Management
Forecasting and Financial Modeling
Extensive Reporting Capabilities
Benefits
Compensation Management
CompTrak offers end-to-end compensation management in a single platform. It is capable of simplifying the whole cycle of the compensation process. It is equipped with workflows that ease everything from plan designs to bonus calculations and Total Rewards statement delivery. CompTrak provides a proactive notification tool that eliminates the time pressure and uncertainty within the compensation cycle.
Equity Plan Management
CompTrak allows users to deliver and administer LTIP and equity plans digitally, keeping employees engaged. The platform delivers flexibility to accommodate the uniqueness most organizations require for their LTIP programs. The platform is set-up to automate and centralize management, tracking and control of variable deferrals, vesting periods and help to report on and manage to, regional compliance requirements. Employee self-service access is provided for reports and statements.
Total Rewards Management
CompTrak allows users to educate the workforce through an intuitive online total rewards statements. It offers dynamic individualized statements that improve employee morale and increases retention. Often missed data such as healthcare benefits, allowances, insurance premiums, discounts, retirement contributions, and reimbursement can be tracked and included in a statement. Additionally, CompTrak provides role-based security features and administrative tools for information security and protection.
Compensation Plan Governance
CompTrak allows users to assign an owner to every compensation plan. It has adjustable audit and review frameworks coupled with notifications for reminders. Additionally, the solution is capable of issuing logs and offers actions for follow-ups.
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