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Compensation | Driving Pay-For-Performance with Powerful Compensation Tools { CornerstoneOnDemand.com } Cornerstone Compensation Cornerstone Performance Cornerstone Compliance Cornerstone Learning Cornerstone Succession Cornerstone Analytics

Cornerstone Compensation

 
Engage your workforce with Pay-for Performance

Your employees are key in helping you take your business to the next level. Why not reward them for their efforts? Creating an environment in which your employees are rewarded for their hard work in direct relation to their performance will be a driving factor in having your employees stay with you and boost business.

With diverse workforces, Cornerstone Compensation is able to adjust to different types of workers, short-range and long-range compensation, hourly, salary, or commissioned employees. Cornerstone Compensation provides the tools to allow organizations to reward the behaviors and outcomes they desire most. A pay-for-performance culture promotes ongoing goal achievement, competencies strategically mapped to roles, and high levels of retention.

Cornerstone Compensation is just one piece to our complete learning and talent management platform. Learning, Compliance, Performance, Compensation, and Succession Management all combine to empower people and enhance workforce productivity, meeting the needs of your organization.


Our Easy-to-Use Compensation Module Includes:

Compensation Planning
Cornerstone Compensation manages a variety of compensation programs including salary, merit increases, market adjustments, lump sum payments and other discretionary pay components.
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Salary data integrated for immediate and accurate valuation of specific job roles
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Flexible, role-based administration matches widely varied workflows
     

Incentive Management
Cornerstone Compensation simplifies processes around administering meaningful incentive programs for the distribution of bonus and salary.
 
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Bonus management tools give managers appropriate organizational guidelines for awarding bonus pay
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Equity management tools support complex rules around eligibility, vesting, and grant size
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Supports all types of stock management planning for restricted stock awards, incentivestock options,
and non-qualified stock options

     

Budgeting and Reporting
Cornerstone Compensation also delivers a range of tools to increase transparency and visibility for administrators and managers.
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Approval workflows can be configured to meet even the most complex practices
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Easy access of budget summaries and analytics
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Standard reports help pull key data around adjustment guidelines, budget status, compensation
task status, EEO reporting and more

Key Benefits Include:
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Access online and on-demand through Software-as-a-Service (SaaS)
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Tightly link with all Cornerstone talent management platforms (learning, compliance, performance, succession, and analytics)
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Shorten compensation cycles
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Simplify processes and reduce paperwork
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Increase visibility into rewards and performance
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Boost employee performance
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Drive higher retention through meaningful rewards
     

 

 

   
 

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