0
Detailed process and workflows
EmpXtrack Variable
Pay module
This presentationallows you to understand the Variable pay process as it
exists in EmpXtrack with the help of screen shots...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 3
• When employees achieve their targets, organizations
meets their objecti...
Configuration of variable pay
Copyright 2013 | Saigun Technologies Pvt. Ltd. 4
1. Setup workflow for approval of sheet
2. ...
Copyright 2013 | Saigun Technologies Pvt. Ltd.
Various options available for configuration
5
Configurable
workflow for
app...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 6
• Setup a time period
• Setup frequency of payments (quarterly, half-year...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 7
In a variable plan, Goals can be of 4 types. This helps in easy
capture o...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 8
• Goals can be setup as Individual, department, company
• Setup the achie...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 9
• Three goals have been setup here based on the
spreadsheet provided
• Ea...
Initiation of plan and capture results
Copyright 2013 | Saigun Technologies Pvt. Ltd. 10
Copyright 2013 | Saigun Technologies Pvt. Ltd. 11
• The plans are created for each time period and can allow changes
from ...
• When initiated employees get a message on initiation
• Employees can view their sheets in their performance section
• If...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 13
• All employees are automatically selected
• Step 1. Download their vari...
Copyright 2013 | Saigun Technologies Pvt. Ltd.
Step 1,2 : Download sheets for all employees and capture
achievements and u...
Copyright 2013 | Saigun Technologies Pvt. Ltd.
Step 3: On clicking calculate all variable pays are
calculated
15
• And emp...
Copyright 2013 | Saigun Technologies Pvt. Ltd. 16
For a demo or more information please
contact us at http://www.empxtrack...
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Variable Pay implementation using Empxtrack

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Understand the variable pay process with the help of screen shots

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Transcript of "Variable Pay implementation using Empxtrack"

  1. 1. Detailed process and workflows EmpXtrack Variable Pay module
  2. 2. This presentationallows you to understand the Variable pay process as it exists in EmpXtrack with the help of screen shots. Main sections are: – Configuration of variable pay rules – Setup of variable pay time periods, goals, targets – Creation of sheets and visibility by employees – Capture of achievements – Upload of achievements and calculation of variable pay – View of individual pay Copyright 2013 | Saigun Technologies Pvt. Ltd. 2 Purpose and Sections
  3. 3. Copyright 2013 | Saigun Technologies Pvt. Ltd. 3 • When employees achieve their targets, organizations meets their objectives • Variable pay incentivizes target achievement • Employee achievements can be on multiple parameters • Personal • Team • Department • Company • EmpXtrack variable pay module allows the setup of • Multiple targets • Allocation of these to employees • Capture of achievements • Automatic calculation of variable pay handouts Concept
  4. 4. Configuration of variable pay Copyright 2013 | Saigun Technologies Pvt. Ltd. 4 1. Setup workflow for approval of sheet 2. Setup access rules 3. Setup goal attributes 4. Setup weight rules 5. Setup goals for the plans
  5. 5. Copyright 2013 | Saigun Technologies Pvt. Ltd. Various options available for configuration 5 Configurable workflow for approval of the plan. Control access on visibility of goals and achievements Flexibility in setup of different attributes. EmpXtrackallows complete flexibility in managingyourvariable pay process.
  6. 6. Copyright 2013 | Saigun Technologies Pvt. Ltd. 6 • Setup a time period • Setup frequency of payments (quarterly, half-yearly, annual) • Identify the salary variable that will be used for variable pay calculations. Here the base salary is being used. • Setup the applicability – i.e which employees will be applicable to this variable pay. • Note: you can setup different variable pay plans for different group of employees. Setup of variable plan
  7. 7. Copyright 2013 | Saigun Technologies Pvt. Ltd. 7 In a variable plan, Goals can be of 4 types. This helps in easy capture of achievements • Company goals. Achievements captured only once. This could include goals such Revenue, Growth, Profitability, Certification, Customer acquisition and so on. • Department goals. Achievements captured once for each department. All employees in the specific department will get the goal. • Team goals. Achievements captured for each manager which is applied to every subordinate in the managers team • Individual Goals. Achievements captured for each team member. Individual goals could include Appraisal score, Goalsheet achievement, attendance, Productivity, billing, 360 score, reward nominations and other employee related parameters Create goals for the variable pay plan
  8. 8. Copyright 2013 | Saigun Technologies Pvt. Ltd. 8 • Goals can be setup as Individual, department, company • Setup the achievements and corresponding scores • Add a description that illustrates the achievements such that employees can view it. Setup goals
  9. 9. Copyright 2013 | Saigun Technologies Pvt. Ltd. 9 • Three goals have been setup here based on the spreadsheet provided • Each goal has a separate achievement and corresponding mechanism to capture inputs Setup the entire plan and initiate for all employees
  10. 10. Initiation of plan and capture results Copyright 2013 | Saigun Technologies Pvt. Ltd. 10
  11. 11. Copyright 2013 | Saigun Technologies Pvt. Ltd. 11 • The plans are created for each time period and can allow changes from the base plan. For instance you may have a more lenient rating for Q1 and Q2 and stricternorms for later periods Variable plan can be initiated for each time period • Initiation automatically picks up the employees
  12. 12. • When initiated employees get a message on initiation • Employees can view their sheets in their performance section • If workflows were allowed, employees or managers could have edited the sheets too Copyright 2013 | Saigun Technologies Pvt. Ltd. 12 Automatically share plan with employees
  13. 13. Copyright 2013 | Saigun Technologies Pvt. Ltd. 13 • All employees are automatically selected • Step 1. Download their variable plan sheets • Step 2. Fill in values and upload the sheets • Step 3. Calculate the results • Employees can view values (based on settings) Capture achievements.A 3 step process
  14. 14. Copyright 2013 | Saigun Technologies Pvt. Ltd. Step 1,2 : Download sheets for all employees and capture achievements and upload the data 14 • Each employee in the group is assigned 3 goals that were a part of the variable pay plan • The achievements could be imported from the appraisal or input manually (based on modules procured) • All values are captured and the sheet is uploaded for calculation of variable pay
  15. 15. Copyright 2013 | Saigun Technologies Pvt. Ltd. Step 3: On clicking calculate all variable pays are calculated 15 • And employee scorecards can be printed or viewed
  16. 16. Copyright 2013 | Saigun Technologies Pvt. Ltd. 16 For a demo or more information please contact us at http://www.empxtrack.com
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