Compensation Management and Planning Software | Cornerstone
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Compensation Management Solution

Improve compensation management

Manage Compensation with Ease and Precision

Forget manual processes and cumbersome, error-prone spreadsheets. It's time to automate compensation planning to simplify processes, reduce paperwork, and provide one central place for tasks and approvals - saving time and administrative costs. Cornerstone Compensation helps you get your compensation strategy right by making it easier to optimize your budgets to attract and retain top talent.

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Compensation Planning

Manage a wide range of compensation programs including salary, merit increases, market adjustments, lump sum payments, and other discretionary pay components.

Incentive Management

Develop and implement incentive management programs for the distribution of bonus and equity with tools that improve accuracy, boost consistency, and ensure compliance.

Customized Compensation Statements

Create organization-branded compensation statements that provide employees with information on the total value of their compensation package in one comprehensive view.

Budgeting & Reporting

Increase transparency and visibility for managers with reports and dashboards that show approval workflows, budget summaries and scenarios, and analytics tools.

  • Compensation Planning
  • Incentive Management
  • Customized Compensation Statements
  • Budgeting & Reporting
Automatically adjust increases, manage variable pay, and accurately appraise specific job roles based on integrated salary data.
Create bonus scenarios and receive recommendations to optimize bonus awards.
Create custom compensation statements that include awards and custom bonus types.
Create custom reports for accurate compensation reporting across the organization.

Benefits of Cornerstone Compensation

Design compensation plans that increase transparency, improve efficiencies and provide better security, control, and overall governance.

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Make Better Compensation Decisions

Gain greater transparency and insight into rewards and performance to conduct a total compensation analysis. With critical employee performance and market data, managers have the ability to make more informed decisions about the allocation of base pay, bonus, and equity awards.

Attract and Retain Top Talent

Combine organizational, performance, and market data to help you define clear guidelines for building competitive compensation plans. Easily balance market rates with costs and directly link compensation to employee performance to effectively allocate compensation budgets to attract and retain top performers and avoid overpaying underperformers.

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Easily Manage Global Compensation

Manage comprehensive, secure and accurate global compensation strategies simply and effectively. Build effective global processes and controls and customize compensation plan options based on regional languages, currencies, and other localization needs.

Gain Flexible, Configurable Functionality

Highly flexible, role-based administration gives you the freedom and flexibility to design and implement compensation task workflows that meets your needs and integrates with your performance management and compensation plans. Easily configure budgets, salary bands, adjustment guidelines, and compensation templates that match your specific compensation strategy..

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Additional Resources

5 Ways to Enable a True Pay-for-Performance Culture

Learn how to foster a pay-for-performance environment with these five strategies.

Enhance Financial Performance

Learn how to cultivate collaboration between HR and Finance.

Cornerstone Compensation Datasheet

Learn how to improve compensation planning.

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Join over 30+ million people using Cornerstone HCM to realize their potential

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