Compensation & Benefits

Planning and development of remuneration and ancillary benefits, such as non-monetary, recognitions plays a significant role in talent management beyond.

Benefits

rexx HR provides interfaces to all commonly used payroll systems. Different payment types are supported: monthly salary, hourly wage, day rate, bonuses, premiums or calculation formulas for annual payments. All relevant information on remuneration is presented in one system.

Through rexx systems’ digital personnel files the salary information for each employee can be clearly displayed - including individual payslips as well as salary development, shown by an historical developmental chart. Through the built-in search & list engine, reports can be conveniently compiled from the payroll data. These reports could include average salary, salary development or the overall salary costs of a particular employee group.

Benchmark

 

Instead of paper-based payslips, salary and other payment statements for each individual employee can be made conveniently available to them as a PDF through their employee portal.

overview benefits

 

Pay Scales (wage agreements/ collective bargaining agreements)

This module is interesting for companies that need to work with wage agreements or want to compare wages with collective bargaining agreements. rexx HR supports both grouping of positions as well as different groupings/classification of employees to carry out target/ actual comparisons. This could include different pay scales and different regulations around jumps in pay grades.

By updating the central pay scale for a new wage agreement, all remuneration of the employees and positions are automatically calculated. Jumps in pay grade such as biennial increases are also independent of the system. This can be manually controlled at any time such as in order to perform a substantial increase in pay grade, and thereafter to initialize another cycle for automatic/scheduled increases.

Remuneration Table

 

Payment round / collective bargaining / Bonus rounds

Many companies regularly conduct internal salary reviews to adjust employee remuneration with their development. This may concern all payments to the employee or even individual payment methods, such as bonuses. rexx HR enables the definition and monitoring of budgets for such processes. Budgets can be automatically applied to all organization units, with different rules, from the top to the bottom of the organization.

New proposals for a salary review are processed through flexible configuration options, and undergo various approval and approval steps, with authorized users able to intervene at any time. The rexx Workflow Engine controls the salary payments and sends reminders so that the tasks are completed by the those responsible at the desired time.

 Payment round

 

 

 

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