Overview

The Remuneration / Salary Reviews module by Frontier Software is designed to automate and streamline the salary review process, eliminating the need for manual spreadsheets. It integrates various elements that influence salary increase calculations, including approval workflows and tracking mechanisms. The module also facilitates the generation of advice letters, ensuring a comprehensive and efficient remuneration review process.

Features and Capabilities

• Automated Recalculations: Automatically updates calculations as data changes, ensuring accuracy and consistency.
• Market Data Integration: Allows the import of market salary data to inform and support decision-making processes.
• Customizable Terminology: Enables the configuration of terminology to align with organizational processes.
• Budget Management: Provides tools for tracking and controlling budgets throughout the review process.
• Workflow Approvals: Incorporates approval and escalation processes within the workflow to maintain governance.
• Comprehensive Reporting: Offers in-depth tracking and reporting facilities to monitor review progress and outcomes.
• Performance Management Linkage: Connects with performance management systems to recommend salary increases based on performance metrics.
• Automated Advice Generation: Generates update advices automatically, reducing administrative workload.
• Incentive and Bonus Processing: Handles complex short-term incentive or bonus schemes, accommodating varying weightings and multiple profiles within a single scheme.
• Standard Reporting Suite: Includes a suite of standard reports with graphical representations to analyze metrics such as gender equity across salary bands.
• Automated Letter Production: Produces advice letters post-authorization, completing the remuneration review cycle.