Category Compensation Management
What are variable plan awards? Let’s say Chloe is an employee who joins Hogwarts Retail in Jan 2020 and works very hard and is super successful. Chloe’s manager decides to give her a full bonus of 10% of her fixed… Continue Reading →
There can be scenarios where a company’s bonus compensation plans can be based on a particular city where employees are located, or based on a department or based on the type of job that employees perform in the company. It… Continue Reading →
What are Variable compensation plans on Dynamics 365 HR? Variable compensation plans define the details of what and how bonuses are allocated to the employees. Variable compensation plans are assigned to the employees and indicate what type of bonus each… Continue Reading →
What are Variable compensation types on Dynamics 365 HR? Variable compensation types is a way of defining different groups of variable compensation that the company would offer to the employees. Some examples of variable compensation are Bonus – a promised… Continue Reading →
Have a look at a company’s variable compensation policy! Let’s say Tina(Compensation and Benefits administrator) is discussing the variable compensation policy of Hogwarts Retail with Harry who is a digital HR transformation consultant specialized in Dynamics 365 Human Resources. Here’s… Continue Reading →
There can be scenarios where a company’s compensation structure changes based on a particular city where employees are located, or based on a department or based on the type of job that employees perform in the company. It can be… Continue Reading →
One of the key requirements from our Compensation and Benefits admin was to keep track of why a certain compensation was assigned to the employee or why a certain compensation was changed. In general this is achieved using Action reason… Continue Reading →
What is a compensation grid and compensation plan? Lets consider a grade ladder in which an employee joins the company at a certain level and progresses within the company within a grade from minimum to maximum and from one grade… Continue Reading →
Lets say Harry is an employee hired with a salary of 2000 euros per month in The Netherlands. From a HR perspective monthly salary may be used for the employment contract and payroll but the annual salary may be used… Continue Reading →
Global Job and Compensation surveys are carried out by consultancy firms across the world and publish reports defining the standardized Industry Jobs and aligned with local country based compensation matrix. These surveys consider parameters such as living expenses in a… Continue Reading →