Learn more about cfactor
…design plans that work.
Show me the money! Now you can, with a million possible scenarios you put together yourself. cfactor can clear away the clutter so you can create plans that make you an HR rock star. People will be calling out your name on street corners over the way you’ll design compensation packages that make them feel uniquely appreciated. Your public awaits.
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cfactor Compensation Planning
cfactor’s flexible compensation planning tools make managing salary budgets and administering pay adjustments a breeze. cfactor streamlines the entire process by automatically scheduling compensation reviews and allowing your managers to develop salary models that work within your required guidelines while leveraging data such as performance ratings, eligibility rules, etc. that may reside in other systems.
Minimize administration
cfactor’s robust workflow and reporting infrastructure helps to support and drive the compensation review process. Not only does it automatically notify managers when it is time to initiate the review process, but it also allows compensation professionals to track the progress of compensation plan completion, explore department and individual metrics, etc., significantly cutting down the administration time required for these activities.
Drive performance
cfactor allows you to effectively budget for annual or one-time adjustments, without involving a lot of time-consuming scenario calculations. cfactor’s planning tools allow you to optimize plans in no time using modeling tools to trial scenarios that show budget outcomes instantly. Dynamically-generated graphs allow you to quickly review plan allocations at a high level, or you can dig deeper into plan details. Whether adjustments are based on pay-for-performance reviews, complex labor rules or common increase allowances, cfactor helps you develop compensation plans that fit with your company’s employee and business performance goals.
What our clients have achieved…
- Significant reduction in time spent forecasting compensation budgets
- Improved alignment between performance and compensation goals
- Reduced administration time required to develop annual salary plans
- Improved accuracy in enterprise reporting
- Direct salary changes in system of record, eliminating the need for manual data entry