SilkRoad makes it simple for managers to consistently award compensation in compliance with corporate guidelines and make a direct connection between performance and compensation. As a result, top performers are motivated and excited about their contributions allowing your organization to benefit from higher productivity and improved employee retention.
- Enforce corporate policies
- Allocate compensation with ease
- Built-in coaching tips for managers
- Real-time reporting on compensation pool status
- Utilize salary matrix information, third party ratios, salary bands and other compensation metrics
- Supports creation of budgets at corporate level
- Cascade budgets throughout organization
- Compensation dashboard for viewing details, completion reminders, re-opened compensation packages