Compensation Management Software
Paymax is your Compensation Management Software
Easy, Insightful & Comprehensive, Paymax is your compensation software, which gives you the power to move your strategy and policy from tedious spreadsheets to a simple, secure, and configurable cloud program.
Features
Easy, Insightful & Comprehensive
Data Integration
Data with each component can be directly integrated with current human resources and performance systems along with payroll software. Format of current HR systems can be mapped as per requirements for easy upload to run the entire salary review process in this compensation management software.
Compensation Planning
Compensation planning for any type of grid can be created for any population group basis applicable policy. Multiple pay grids/matrices can be made in few mins for any selection of employees for following effective compensation management. Easy Salary Administration basis policy and business requirements
simulation-module
Compensation management with real-time simulation, data are shown against budgets. 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 through access control for ready reference for Compensation Team and other leaders. Easily check on employee performance to make the right decisions. No spreadsheets used in this solution with accurate employee salary statements as output.
Benchmarking
This compensation software helps you to upload and use external benchmarking data for understanding where your employee is placed w.r.t. market. Better your organization’s talent, 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 salaries.Users can view salary components and their total cost to the company.
Prepare For Your Business
Success With our Software
Paymax
Compensation Management Software (Paymax)
Build high-performance teams within Budgets
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 decisions on complex plans with fairness that impact the cost and productivity of the employees.
Paymax
Commission/Incentive Management
Manage Compensation with Style
Reduce your efforts by 90% by bringing your process from excel sheets to Configurable Cloud technology. Follow holistic view for Right Pay to Right Employee through all data points of Salary, Performance, Benchmarking, etc. in one place. Give access to actionable insights to key stakeholders through Role-based access. Reduce attrition of top performers due to compensation reasons.
Paymax
Compensation Management Software (Paymax)
Why Choose Us?
Key Software Benefits
90% effort reduction in the process, moving from manual spreadsheets to automated processes.
Reduce attrition due to salary administration reasons, creating a robust program with fairness.
Agile decision-making/planning, with all types of data at one place. This enables you to have an edge over competitors.