Bonus Tracking
Our Bonus Tracking Software is designed to automate and streamline bonus management. Enhance accuracy and transparency in your incentive programs to motivate and retain top talent.
What is Bonus Tracking Software
Our Bonus Tracking Software offers a comprehensive solution for managing and tracking employee bonuses and incentive programs. It simplifies the complex process of calculating, distributing, and reporting bonuses based on various performance metrics. The software includes features for setting up customizable bonus schemes, integrating with payroll systems, and providing real-time tracking of bonus accruals and payouts. Ideal for HR and finance departments seeking to administer bonus programs efficiently and equitably, it ensures a clear and consistent approach to employee rewards, fostering a culture of recognition and performance.
Bonus Tracking Software Features
How to use Bonus Tracking
The software will be fully customized to the needs of every organization. With that said, here are some steps that your team can do to get started with it:
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- Employee Bonus Plan Management
- Manage and define various employee bonus plans, including performance-based, discretionary, and milestone bonuses, in the 'Bonus Plan Management' module.
- Automated Bonus Calculations
- Automate the calculation of bonuses based on set criteria such as sales targets, performance metrics, or company profitability in the 'Bonus Calculation' section.
- Integration with Payroll Systems
- Seamlessly integrate bonus payments with existing payroll systems to ensure accurate and timely disbursement in the 'Payroll Integration' module.
- Employee Performance Tracking
- Monitor and track employee performance against bonus eligibility criteria in the 'Performance Tracking' section. Align bonus payouts with individual or team achievements.
- Real-Time Reporting and Analytics
- Generate real-time reports and analytics on bonus payouts, budget impact, and plan effectiveness in the 'Reporting and Analytics' module.
- Customizable Bonus Rules and Criteria
- Customize bonus eligibility rules and calculation criteria to fit various roles, departments, or company goals in the 'Customization' section.
- Employee Self-Service Portal
- Provide employees with a self-service portal to view their bonus eligibility, progress, and payout details in the 'Employee Portal' module.
- Employee Bonus Plan Management
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What is Next?
- Get help building your app: Request a demo and we'll install this application to your trial Kohezion account.Â
