Compensation management software
Make better award decisions
Reward and retain people based on data-driven insights while streamlining administrative effort
Increase engagement and retention
Fair and equitable employee reward decisions grounded in data help to improve employee engagement and retention.
Improve
cost
controls
Benchmarking data, decision support tools and alerts help to align to compensation budgets and guidelines.
Streamline administrative efforts
Real-time payroll updates and automated approval workflows speed up your processes to improve efficiency and drive consensus.
Insightful support tools
Managers can drill down on specific areas, such as gender pay equity data, by role, performance, and time in position, to make sure employees are compensated fairly.
Collaborative decisions
Managers and senior managers can work together to ensure budgets are being used to drive the greatest impact. The flexible workflows in the compensation management software let you share information and drive consensus.
Easy administration
Compensation management software provides the tools to build rules and frameworks that help managers make the best use of their compensation budgets, created by your company's compensation professionals. Leverage information already in the Dayforce system and build guidelines, budgets, and workflows.
Mitigate flight risk
Predictive analytics helps you identify flight risks, and then take action to respond to challenges, prevent turnover, and keep your top performers engaged.
Automatic payroll update
Automatically update payroll when a plan is complete, eliminating the exporting step. Compensation is awarded based on the effective date.
Compliance check
Guide managers on proper compensation. Dayforce leverages your company's guidelines and automatically highlights increases that are out of range.
Data-based decisions
Make better decisions with instant access to data like performance history, compensation history, peer comparison, and salary range information.
Budget and plan
Define your budget, create budget rules, then allocate to leaders and managers. Use multiple budget types to create comprehensive compensation plans.
Flexible plans
Save time and effort by templating bonus plans so you don't have to redefine plan criteria with each compensation cycle.
