TalentComp is a standalone compensation management solution suitable for businesses of all sizes. It can be deployed as a cloud-based or on-premise solution.
TalentComp tracks employee compensation and performance history. Information can also be aggregated from any payroll or HRIS system. The system displays summary pool information for raises and bonuses, and it includes the ability to manage multiple currencies, companies and languages. All increases and recommendations are routed electronically, so supervisors can approve, make changes or return to managers for adjustment.
Managers and administrators can review a variety of real-time statistics such as completion percentages, as well as summaries detailing how total amounts are allocated for merit, promotions, bonuses and more. Managers can enter merit increases and bonus and stock recommendations for their direct and indirect reports. This view also shows each employee’s current salary and calculations based on specific guidelines. The solution is able to manage merit increases, bonuses, stock options, promotions and lump sum payouts.