Advanced Rate Management
Our rates feature provides a robust solution for managing all aspects of salary and payment rates within your organisation. From basic salaries to complex rate structures, our platform helps you create fair, competitive, and transparent compensation frameworks while maintaining appropriate confidentiality.
Key Capabilities
- Salary Structure: Define and manage salary bands, scales, and progression paths.
- Rate Configuration: Set up hourly, daily, or project-based rates for different roles and positions.
- Compensation Reviews: Conduct and track regular salary reviews and adjustments.
- Budget Planning: Plan and monitor compensation budgets across departments and teams.
- Historical Tracking: Maintain a complete history of rate changes and adjustments.
Benefits
- Create fair and competitive compensation packages
- Ensure consistency in salary decisions
- Improve transparency while maintaining appropriate confidentiality
- Optimize compensation budgets and forecasting
- Support data-driven decisions about talent investment
The rates feature integrates with our jobs, user profiles, and accounting functions, providing a unified platform for managing all aspects of compensation within your organisation.