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TalentComp

Name: TalentComp
Rating: 4.5 (2 reviews)

By TalentComp

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Highlights : About TalentComp

Managers can access employee data

Payroll management

Reports from employee data

Payroll management functionality

Automatically calculates based on business rules

Upload Unlimited Comp Statement templates

About TalentComp

TalentComp is a standalone compensation management solution suitable for businesses of all sizes. It can be deployed as a cloud-based or on-premise solution. TalentComp tracks employee compensation and performance history. Information can also be aggregated from any payroll or HRIS system. The system displays summary pool information for raises and bonuses, and it includes the ability to manage multiple currencies, companies and languages. All increases and recommendations are routed electronically, so supervisors can approve, make changes or return to managers for adjustment. Managers and administrators can review a variety of real-time statistics such as completion percentages, as well as summaries detailing how total amounts are allocated for merit, promotions, bonuses and more. Managers can enter merit increases and bonus and stock recommendations for their direct and indirect reports. This view also shows each employee’s current salary and calculations based on specific guidelines. The solution is able to manage merit increases, bonuses, stock options, promotions and lump sum payouts.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Merit Increases

Bonuses

Stock Options

Promotions

Lump Sum Payouts

Offers compensation management

Reports from employee data

Managers can access employee data

Payroll management

Payroll management functionality

Secure cloud storage

Reports on employee data

Merit based salar increments

Import files from any source

Salary data

Automatically calculates based on business rules

Upload Unlimited Comp Statement templates

Benefits

TalentComp offers budget control, compensation calculation and assessment within a suite.

TalentComp offers different types of compensation structures such as merit increases, bonuses, stock options, promotions and lump sum payouts.

Hierarchy arrangement enables users to submit recommendations to the next managers in line for review.

After recommendations are reviewed, the software prepares printable employee compensation statements.

Reporting module enables users to gain a complete view of the workforce which helps them to take effective decisions on workforce management practices.

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