Paymax is your compensation management software, which gives you the power to move your compensation strategy and compensation policy from tedious spreadsheets to a simple, secure, and configurable cloud program.
Data with each component can be directly integrated with current human resources and performance management systems along with payroll software.
Format of current HR systems can be mapped as per requirements for easy upload to run entire salary review process in this compensation management software.
Compensation planning for any type of grid can be created for any population group basis applicable policy.
Multiple grids can be made in a few mins for any selection of employees for following effective compensation management.
Easy Salary Administration basis compensation policy and business requirements.
Compensation management with real-time simulation, data are shown against budget plans.
Simulation can be done at any level basis filter criteria, hence informed decisions in compensation planning.
Simulation tools help to map business budget requirements along with employee salaries.
Analytics & Reporting
Instant access to real-time key dashboards and reports available for ready reference for C&B Leads and other leaders.
Easily check on employee performance to take the right compensation decisions.
No spreadsheets used in this compensation management solution with accurate employee salary statements as output.
This compensation management software helps you to upload and use external benchmarking data for understanding where your employee compensation is placed w.r.t. market. Better talent management, by giving deserving employees market correction and retaining them.
Manager & Employee Access
Managers can view critical components of their team members in real-time for making the right decisions along with budget control.
Employees can see key dashboards with historic data, revised employee salaries statements, letters, and may track their monetary benefits.
Users can view salary components and their compensation package.
This compensation management software controls the attrition of your performers due to compensation reasons and builds high-performance teams within budgets, thereby helping you to remain ahead of competitors.
Get data insights for yourself & managers to make effective compensation decisions on complex compensation plans with fairness that impact the cost and productivity of the employees.
Follow holistic compensation management to control your budgets with actionable insights through this compensation management software.
80% effort reduction in the compensation process, moving from manual tools to automated processes.
Reduce attrition due to salary administration reasons, creating a robust compensation program with fairness.
Agile decision making/compensation planning, with all types of data in one place. Thereby enabling you to have an edge over competitors.