SimplyMerit provides transparency, insight, governance, guidance, and collaboration throughout our clients’ annual merit pay process. Our cloud-based solution focuses on base salary adjustments, bonus allocations, promotions, and lump sum payments for our global clients. In the world of merit pay and performance management software, no other solution is as easy to use for both HR and your business managers.
The simple and intuitive interface provides for a natural and deliberate workflow for merit pay adjustment requests and approvals. Our thoughtful design guides managers through the process every step of the way virtually eliminating the need for training.
Numerous guidelines and compensation recommendations established by HR in the configuration phase are readily available to managers throughout the application.
HR and senior leadership can monitor and collaborate with managers every step of the way using the powerful workflow and collaboration engine.
Requested compensation adjustments are visible all the way up the management hierarchy; approvals, adjustments, and rejections are always communicated to the impacted manager; special exception requests remain visible throughout the system.
Every update is tracked in our system to ensure maximum auditability. Our security controls ensure that managers are only able to interact with their data and no one else’s.
Extensive configuration options allow HR to provide guidance to managers directly within the tool itself. These include base pay adjustments based on performance rating and position in range, overall average merit percentage, country-adjusted merit percentage, impact to budget, and many more.
SimplyMerit integrates with several industry leading Business Intelligence solutions to provide deep, rich analytics and custom reporting capabilities. If you don't already have a reporting solution or prefer to use ours, we are hosting an IBM Cognos instance in our cloud that is tied directly to SimplyMerit and provides prebuilt reports and analytical models.
HR can utilize SimplyMerit to model the holistic impact of compensation adjustments during the planning phase. This aids in setting realistic and complete budget numbers, which are then tracked throughout the process in SimplyMerit.