Lawson Compensation Management will allow you to link pay to individual benchmarks, organizational objectives and performance. It will deliver budgeting and analytical tools that help to forecast and measure the effectiveness of your compensation programs. In addition, the module will support variable, complex salary structures using the criteria you’ve identified as critical to achieving key corporate objectives.
Lawson Compensation Management will ultimately help your organization:
Manage salary structures and step-and-grade progressions to ensure pay equity in the workforce based on current market information.
Award merit increases by assessing performance scores and progress toward goals and objectives, and by determining commensurate variable or incentive-based compensation.
Perform comprehensive incentive compensation administration, including pay-plan definition, rules automation, eligibility determination and automated-payout functionality.
