Incent Perform Grow

Human Resources, Operations, Field Management and Finance professionals too often struggle to automate and manage salary payout, promotions and other compensation. Iconixx Incentive™ simplifies this process for your business to ensure employee visibility, eliminate errors and increase speed to pay.

Key Benefits

INTEGRATED WORKFLOW

Because so many individuals are involved in the process of compensation, managing workflow between the Field, Management, Operations, HR and Executives is critical.

Iconixx Incentive™ offers an integrated workflow that allows for:

• Maintenance: Users can easily setup and maintain custom approval hierarchies, groups, email notifications, status, escalation, file attachments, and other custom functions.

• Subject Types: Users can apply stock features “out-of-the-box” or create custom features for managing Worksheets, Document approvals, and HR actions.

• Security: Integrate processes with overall auditing and reporting, so Sarbanes-Oxley compliance can be easily managed.

ELIMINATE MANUAL INCENTIVE & BONUS MANAGEMENT

Complex bonus, discretionary, MBOs, and variable incentive plans are simplified. Iconixx Incentive™ allows easy, intuitive creation, and management of bonus compensation plans, with modular, reusable elements.

• Date Effective Hierarchy and Participation Hierarchies

• Titles and Custom Periods

• Custom Groups and Eligibility Filters

• Weighted Pay Elements, Rules and Formulas

• MBOs, Rewards, and Non Cash Payouts

• Discretionary Pool Management

Complex Bonus Structures are Simplified, Streamlined and Automated.

Iconixx Incentive

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APPLICATION SECURITY AND ROLES

Your complex organization requires controlled and role-specific security.

The entire Iconixx suite empowers administrators to create security roles and groups to refine the user’s ability to view, edit, update and print data. The solution uses a simple set of interfaces to grant or revoke access to dashboards, workflow processes and compensation plan administration.

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ENHANCED COMMUNICATION

Iconixx Incentive™ dashboard is flexible, yet simple and secure and it puts critical bonus information in one, easy-to-access place.

• Reports: view all role related reports and subordinate data (pay statements, bonus allocations, budgets, etc.).

• Real Time Data: field personnel and managers can view their year-to-date bonus, MBOs and individual performance factors with “sliders”.

• Workflow lnbox: access a roles-based “Inbox” with related workflow items like: worksheets, adjustments, HR requests, and custom workflow elements.

INCENTIVE COMPENSATION PLAN FORECASTING - “WHAT IF” & BUDGETING

Incentive Compensation plan implementation is easier to forecast and execute with Iconixx Incentive™. Create, compare and change variable pay plans in a “Model” environment before implementing in the field. Iconixx Incentive™ offers you three views of bonus compensation in real time:

• Query and Estimate: Users can “What If” with individual and role based bonus elements to view potential payouts, thereby incentivizing optimal bonus behavior.

• View Total Potential Payouts: Model new incentives or changes to existing incentives to anticipate payouts before implementation. View side-by-side comparisons of incentives by individual, plan, team, or any combination.

• Budgets: Create estimated payout amounts, and estimate scenarios for accruals and finance.

BONUS WORKSHEET AND MANAGEMENT APPROVALS

Quickly view and approve large amounts of subordinate based bonus and payout information with “Worksheet” functionality. The Worksheet uses an electronic form that is as flexible as Excel, but as secure as you need, with data that resides in one place.

Iconixx Incentive™ allows you to quickly view, edit, update, change, and approve your bonus plans.

• Worksheet approvals, adjustments, comments, and overrides by role

• Worksheet configuration with linked Alert configuration

• Automated bonus suggestions, ranges, and budget allocations

• Setup and manage “Batches” of worksheets with approval workflows by hierarchy

• Workflow monitoring and status of the states of approvals, and budgets

• Budgeting and setup of budgets and forecasting with real time “What If” Analysis.

REPORTING AND ANALYTICS

Like Iconixx Sales™, Iconixx Incentive™ offers three mechanisms to report data: Automatically Generate and Schedule Reports: The Iconixx Incentive™ Reporting interface includes standard templates for pay statements, total compensation, budget allocation, pool distribution, etc.

Create Ad Hoc Reports: The Iconixx Incentive™ Ad Hoc interface allows the user to create criteria and filters, organize columns, and save custom reports.

Analyze Your Data: “Drill In” to see data in many different ways with Iconixx Incentive™ Analysis tools. Additionally, analyzed data can be exported to XLS, XML, CSV, or PDF.

Key Features