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CompTrak

Name: CompTrak
Rating: 4.5 (2 reviews)

By CompTrak

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Highlights : About CompTrak

Compensation Management

Forecasting and Financial Modeling

Extensive Reporting Capabilities

Auditing & Compliance

Document Management

About CompTrak

CompTrak is a comprehensive HR solution that focuses on compensation management. It aims to transform the means of managing compensation plans when it comes to incentive, merit, and equity. The platform allows users to customize, innovate and manage compensation plans globally while ensuring they align with strategic corporate objectives. CompTrak features real-time visibility for roll-up reporting, bonus workflow management and an interactive statement interface for employees. CompTrak provides real-time collaboration by delivering the same information and data to every business department, instantly. The solution offers complete visibility and transparency by automatically generating statements and reports for each layer of the business. With Total Rewards Statements, employees are educated on the complete investment made and available to them through an easy-to-navigate, intuitive and mobile-responsive online rewards statement feature. Call-outs, glossaries and hover texts can be incorporated to make sure that all employees have maximum comprehension of their particular rewards.

Specifications

Business Size

Startup

Customization

Yes

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Compensation Management

Auditing & Compliance

Equity Plan Management

Workflow Management

Compensation Plan Governance

Document Management

Forecasting and Financial Modeling

Extensive Reporting Capabilities

Benefits

Compensation Management

CompTrak offers end-to-end compensation management in a single platform. It is capable of simplifying the whole cycle of the compensation process. It is equipped with workflows that ease everything from plan designs to bonus calculations and Total Rewards statement delivery. CompTrak provides a proactive notification tool that eliminates the time pressure and uncertainty within the compensation cycle.

Equity Plan Management

CompTrak allows users to deliver and administer LTIP and equity plans digitally, keeping employees engaged. The platform delivers flexibility to accommodate the uniqueness most organizations require for their LTIP programs. The platform is set-up to automate and centralize management, tracking and control of variable deferrals, vesting periods and help to report on and manage to, regional compliance requirements. Employee self-service access is provided for reports and statements.

Total Rewards Management

CompTrak allows users to educate the workforce through an intuitive online total rewards statements. It offers dynamic individualized statements that improve employee morale and increases retention. Often missed data such as healthcare benefits, allowances, insurance premiums, discounts, retirement contributions, and reimbursement can be tracked and included in a statement. Additionally, CompTrak provides role-based security features and administrative tools for information security and protection.

Compensation Plan Governance

CompTrak allows users to assign an owner to every compensation plan. It has adjustable audit and review frameworks coupled with notifications for reminders. Additionally, the solution is capable of issuing logs and offers actions for follow-ups.

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