COMPview is a cloud-based compensation planning software from HRsoft designed to automate and streamline compensation planning with tools for budget allocation optimization, decision support, and workflow customization. The system can be configured to work with current compensation planning workflows, to suit whatever planning process the company uses.
COMPview presents an overview of line manager budget allocations for merit, stock shares, and incentives, showing the budget, spent, and remaining amounts, and remaining percentage. Budgets can be controlled and updated, and cascading budgets created.
COMPview allows users to plan and manage compensation as salary, variable pay, and stock, with support for pay-for-performance programs. Users can assess employee goals and competencies, and input employee performance information via drop-down menus, to calculate compensation amounts. Salary comparison graphs can be viewed from within the planning summary, visualizing the proportional increase in salary for each employee. Compensation plans in multiple currencies can be managed in a single view.