Promote and retain top performers with Merit Cycles

Headcount planning and management
Workforce planning and management
News and product updates

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.

Take control of your headcount spend.