Human Resources, Operations, Field Management and Finance professionals too often struggle to automate and manage salary payout, promotions and other compensation. Iconixx Incentive simplifies this process for your business to ensure employee visibility, eliminate errors and increase speed to pay.
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Datasheet: Iconixx Incentive
1. Incent Perform Grow
Human Resources, Operations, Field Management and Finance professionals too often
struggle to automate and manage salary payout, promotions and other compensation.
Iconixx Incentive™ simplifies this process for your business to ensure employee visibility,
eliminate errors and increase speed to pay.
Key Benefits
INTEGRATED
WORKFLOW
Because so many individuals are involved in the process
of compensation, managing workflow between the Field,
Management, Operations, HR and Executives is critical.
Iconixx Incentive™ offers an integrated workflow that
allows for:
• Maintenance: Users can easily setup and maintain
custom approval hierarchies, groups, email
notifications, status, escalation, file attachments, and
other custom functions.
• Subject Types: Users can apply stock features “out-
of-the-box” or create custom features for managing
Worksheets, Document approvals, and HR actions.
• Security: Integrate processes with overall auditing
and reporting, so Sarbanes-Oxley compliance can be
easily managed.
ELIMINATE MANUAL INCENTIVE
& BONUS MANAGEMENT
Complex bonus, discretionary, MBOs, and
variable incentive plans are simplified. Iconixx
Incentive™ allows easy, intuitive creation, and
management of bonus compensation plans,
with modular, reusable elements.
• Date Effective Hierarchy and Participation
Hierarchies
• Titles and Custom Periods
• Custom Groups and Eligibility Filters
• Weighted Pay Elements, Rules and
Formulas
• MBOs, Rewards, and Non Cash Payouts
• Discretionary Pool Management
Complex Bonus Structures
are Simplified, Streamlined
and Automated.
Iconixx Incentive
2. www.iconixx.com
APPLICATION SECURITY
AND ROLES
Your complex organization requires controlled and role-
specific security.
The entire Iconixx suite empowers administrators to create
security roles and groups to refine the user’s ability to view,
edit, update and print data. The solution uses a simple set of
interfaces to grant or revoke access to dashboards, workflow
processes and compensation plan administration.
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ENHANCED COMMUNICATION
Iconixx Incentive™ dashboard is flexible, yet simple and
secure and it puts critical bonus information in one, easy-to-
access place.
• Reports: view all role related reports and subordinate data
(pay statements, bonus allocations, budgets, etc.).
• Real Time Data: field personnel and managers can
view their year-to-date bonus, MBOs and individual
performance factors with “sliders”.
• Workflow lnbox: access a roles-based “Inbox” with
related workflow items like: worksheets, adjustments, HR
requests, and custom workflow elements.
INCENTIVE COMPENSATION PLAN
FORECASTING - “WHAT IF” & BUDGETING
Incentive Compensation plan implementation is easier
to forecast and execute with Iconixx Incentive™. Create,
compare and change variable pay plans in a “Model”
environment before implementing in the field. Iconixx
Incentive™ offers you three views of bonus compensation in
real time:
• Query and Estimate: Users can “What If” with individual
and role based bonus elements to view potential payouts,
thereby incentivizing optimal bonus behavior.
• View Total Potential Payouts: Model new incentives
or changes to existing incentives to anticipate payouts
before implementation. View side-by-side comparisons of
incentives by individual, plan, team, or any combination.
• Budgets: Create estimated payout amounts, and
estimate scenarios for accruals and finance.
BONUS WORKSHEET AND
MANAGEMENT APPROVALS
Quickly view and approve large amounts
of subordinate based bonus and payout
information with “Worksheet” functionality. The
Worksheet uses an electronic form that is as
flexible as Excel, but as secure as you need, with
data that resides in one place.
Iconixx Incentive™ allows you to quickly view,
edit, update, change, and approve your bonus
plans.
• Worksheet approvals, adjustments,
comments, and overrides by role
• Worksheet configuration with linked Alert
configuration
• Automated bonus suggestions, ranges, and
budget allocations
• Setup and manage “Batches” of worksheets
with approval workflows by hierarchy
• Workflow monitoring and status of the states
of approvals, and budgets
• Budgeting and setup of budgets and
forecasting with real time “What If” Analysis.
REPORTING AND ANALYTICS
Like Iconixx Sales™, Iconixx Incentive™ offers
three mechanisms to report data:
Automatically Generate and Schedule
Reports: The Iconixx Incentive™ Reporting
interface includes standard templates for
pay statements, total compensation, budget
allocation, pool distribution, etc.
Create Ad Hoc Reports: The Iconixx
Incentive™ Ad Hoc interface allows the user to
create criteria and filters, organize columns, and
save custom reports.
Analyze Your Data: “Drill In” to see data in
many different ways with Iconixx Incentive™
Analysis tools. Additionally, analyzed data can
be exported to XLS, XML, CSV, or PDF.
Key Features