TeamOhana’s merit cycle module allows managers to reward high performers within their merit budget. The user-friendly interface provides visibility into key metrics, making it easy to promote and retain top talent. It eliminates manual work typically associated with compensation cycles.
Highlights
- Displays top-level information relevant to compensation decisions, including merit budget allocation and average compa ratio.
- Provides real-time feedback on budget usage and average compa ratio adjustments as recommendations are made.
- Enables managers to recommend base raise percentages or amounts, commission and bonus adjustments, and promotions.
- Auto-calculates compensation changes and updates budget usage meter, ensuring compliance with allocated funds.
- Facilitates collaboration with managers through comment-leaving feature for justification of recommendations.
