Bonus management is one of the most effective tools used in achieving your company goals. A powerfully managed bonus system attracts the best talents to your company, helping you to reward your employees not only for their personal performance, but also with regard to your organization's long-term goals and strategies.
Patika Bonus Management is a system proved itself in different industries, holding all necessary features to build a flexible and easily managed structure that coincides with your company’s strategic objectives:
Flexible: Patika Bonus Management adapts to goal setting and bonus calculation methods work with different basis and calculations. Thanks to the configurable “Bonus Calculation Engine”, you can ensure different metadata is defined. With the self-service formula input, bonus calculation always gives accurate results under your control. By defining bonus packages and plans, you can define and simulate different scenarios such as headquarter-field, annually-monthly, sales-based or salary basis.
Integrated: Bonus Management needs such as payroll, entity, employee recruitment/termination/transfer/discipline, performance goals-sales target and actual information are syndicated from your existing HR and Sales systems with ready data connectors, processed with formulas and rules defined by the “Bonus Calculation Engine”. At the same time, bonus amounts (as the output of Bonus Management) are also integrated into your existing Payroll system. These features, which significantly shorten the implementation time for application, eliminate manual data entry.
Bonus Plans: Patika Bonus Management supports salary-sales targets, working time and performance goal based plans. The bonus amounts may be calculated and paid annually, monthly, evenly split and multiple times at a time. Business processes such as Aggregated Target Calculation, target submission for approval, freezing and disclosure of targets, the point arrived in reaching to bonus and real-time progress track, and self-service bonus tracking.
Setup: Every company customizes its bonus system according to industry and competition conditions. Two organizations with the same bonus system are rarely found. Patika Bonus Management adapts to your demands with flexible and self-service configuration options.
Workflow: From goal setting to payroll, your bonus management workflows can easily be managed and monitored with role-based screens, notification emails, and approval process on application screens.
Event-based rule definitions: Specific sales periods for your company, employee recruitment, dismissal, department/store transfer, position changes, discipline/penalty and other identity-job changes are easily integrated with Event-Based infrastructure; edits can be made upon these events.
Bonus Dashboard: Goals, bonus progression, department, region or team based bonus tracking and reporting can be done in dashboards with different user roles.
You can use Patika Bonus Management either on Patika Cloud by pay for use moethod, or on your own servers.
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