Streamline your C&B processes with PayReview

Instant Organizational diagnosis to ensure fairness and equity across the HCM value chain

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Data Collection

Invest in a robust compensation management software to jump over a number of data collection hurdles to get the job done at a faster pace. Stay organized and save tons of time and efforts on tedious tasks. All your information can easily be collected, imported and stored in the database. You can define permissions on who has access to this data. Organizational, performance, and market data on an easy to use user interface provides clear guidelines for building payment strategies.



Salary Benchmarking

Gain more accurate reflections of employee performance and benchmark the salary accordingly. You can encourage better productivity and foster a great work environment through salary benchmarking. To streamline the salary benchmarking process, we offer a simple and dynamic user interface. This interface, which is built around your company compensation policy, guides you through salary benchmarking process and ensures maximum accuracy.

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Compensation Survey

One software to collect feedback, conduct survey and manage business data helps to make smarter business decisions. Within seconds, you can gain critical insights of survey data and can ease out HR's work to a great extent. With Compensation Survey data you can easily get to know market rates and costs. This helps HR and managers to directly link compensation to employee performance.



Salary Increments

Mange pay rule strategies with defined matrix/grid/rules of increment. Effortlessly fine-tune budget, salary bands, correction guidelines, and compensation templates that match your particular compensation strategy. After performance review HR can define and implement new salary structures. We help you to automate and simplify salary increment process. Manage comprehensive, global compensation and salary increment process painlessly, securely, automatically and accurately.

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Talent Analytics

Pay Review talent analytics feature automates hiring planning process to replace manual processes and error-prone spreadsheets. Adjust the policies as per the specific needs and get customized reports graphically or in any other form. Closely observe position-related costs in line with your budget and manage costs for every hiring. Make practical decisions on the basis of real-time insights.



Talent Pay Guidance

Eliminate the guesswork with PayReview talent pay guidance feature. Maintain parity at each transaction like hiring and transfer etc. Take a complete control on pay increments, one time payments to deserving employees and stop investing unnecessary on the talent which does not fits in your organization. Within seconds, you can gain critical insights of your top talent automatically.HR can define customizable approval matrix.

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Process Monitoring

Keep tight control and monitor new positions on a detailed budget. PayReview helps to easily define and approve budgets against experience, education, or any combination of these. Plan new hiring on a specific budget, monitor the budget of ongoing open positions. With this feature you can easily define and approve budgets for a financial year and manage costs of new hiring.



Contingent Pay

Paying employees right just got easier, thanks to the PayReview software for incentives and ESOPs module. Companies can set contingency payments in all sorts of forms. Often, contingency payments involve a percentage of the amount the paying party earns or receives. Companies can also set commissions based on reaching certain sales levels. Organization can set employee's benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.

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Common Tools

Utilising features which runs across the modules like creating ranges for hiring, writing formulas to define Key Performance Indicators (KPI), viewing and editing rights for managers, displaying data while maintaining local currency and standards, getting data from other systems through API's, maintaining external tables for Budgets, Salary ranges and Bonuses or running any analysis which will help users to arrive at better insights.


Responsive image
Data Collection

Invest in a robust compensation management software to jump over a number of data collection hurdles to get the job done at a faster pace. Stay organized and save tons of time and efforts on tedious tasks. All your information can easily be collected, imported and stored in the database. You can define permissions on who has access to this data. Organizational, performance, and market data on an easy to use user interface provides clear guidelines for building payment strategies.



Responsive image
Salary Benchmarking

Gain more accurate reflections of employee performance and benchmark the salary accordingly. You can encourage better productivity and foster a great work environment through salary benchmarking. To streamline the salary benchmarking process, we offer a simple and dynamic user interface. This interface, which is built around your company compensation policy, guides you through salary benchmarking process and ensures maximum accuracy.



Responsive image
Compensation Survey

One software to collect feedback, conduct survey and manage business data helps to make smarter business decisions. Within seconds, you can gain critical insights of survey data and can ease out HR’s work to a great extent. With Compensation Survey data you can easily get to know market rates and costs. This helps HR and managers to directly link compensation to employee performance.



Responsive image
Salary Increments

Mange pay rule strategies with defined matrix/grid/rules of increment. Effortlessly fine-tune budget, salary bands, correction guidelines, and compensation templates that match your particular compensation strategy. After performance review HR can define and implement new salary structures. We help you to automate and simplify salary increment process. Manage comprehensive, global compensation and salary increment process painlessly, securely, automatically and accurately.



Responsive image
Talent Analytics

Pay Review talent analytics feature automates hiring planning process to replace manual processes and error-prone spreadsheets. Adjust the policies as per the specific needs and get customized reports graphically or in any other form. Closely observe position-related costs in line with your budget and manage costs for every hiring. Make practical decisions on the basis of real-time insights.



Responsive image
Talent Pay Guidance

Eliminate the guesswork with PayReview talent pay guidance feature. Maintain parity at each transaction like hiring and transfer etc. Take a complete control on pay increments, one time payments to deserving employees and stop investing unnecessary on the talent which does not fits in your organization. Within seconds, you can gain critical insights of your top talent automatically.HR can define customizable approval matrix.



Responsive image
Process Monitoring

Keep tight control and monitor new positions on a detailed budget. PayReview helps to easily define and approve budgets against experience, education, or any combination of these. Plan new hiring on a specific budget, monitor the budget of ongoing open positions. With this feature you can easily define and approve budgets for a financial year and manage costs of new hiring.



Responsive image
Contingent Pay

Paying employees right just got easier, thanks to the PayReview software for incentives and ESOPs module. Companies can set contingency payments in all sorts of forms. Often, contingency payments involve a percentage of the amount the paying party earns or receives. Companies can also set commissions based on reaching certain sales levels. Organization can set employee's benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.



Responsive image
Common Tools

Utilising features which runs across the modules like creating ranges for hiring, writing formulas to define Key Performance Indicators (KPI), viewing and editing rights for managers, displaying data while maintaining local currency and standards, getting data from other systems through API's, maintaining external tables for Budgets, Salary ranges and Bonuses or running any analysis which will help users to arrive at better insights.


WHY YOU SHOULD GO FOR PAY REVIEW


EVERYONE HAS A STORY ON WHY THEY USE PAYREVIEW.
LET'S LOOK AT TOP REASONS TO LEARN YOURS !



Inbuilt Intelligence

 

  1. Insights for Managers to take actions
  2. Auto Analysed Charts for better insights
  3. Flagging employees with high chances of resignations
  4. Exploring synergy with Excel

Better Quality

 

  1. Highlights bad quality of employee data
  2. Managing quality of plan and right benchmarks for salary increments
  3. Choose most appropriate matrix for salary increments. 
  4. Targeted solutions to address problematic areas of low paid, high risk category of employees

Higher Efficiency

 

  1. Managing multiple input sources/ files from business heads
  2. Accommodate frequent changes from line managers during increment exercise
  3. Managing various reward / compensation letter templates
  4. Managing exception cases

No Administrative Hassle

 

  1. Ensuring controls after sharing compensation and non cash award data
  2. Simulation of multiple variable together
  3. Security issues for data protection
  4. Ensure Confidentiality
Get Ready to Supercharge Your Compensation & benefits Management

With Access management, collaboration, native excel and legacy system support, payReview is here to transform your business!

FAQ

C&B stands for Compensation and Benefits. C&B is important to attract, motivate and retain employees, and is a huge part of talent management specially for medium to large organisations. In some countries, this is called Rewards and Remuneration.
Compensation is the pay or the salary paid to an employee in monetary terms in exchange to the work done by a person necessarily. Benefits are non monetary parts that are paid to an employee in order to motivate him/her on performance of their tasks.
Salary scale or Pay scale is a graded system of wages or salaries within a particular company. It is usually defined by the HR and each employee falls within a certain pay grade based on their work experience, designation and performance.
HR technology (HR Tech) is an umbrella term for software for automating the human resources function in an organization. PayReview is one such HR Technology to revolutionize the Employee Compensation and benefits process in an organization.
The achievements & benefits received by employees for their performance in a company are known as reward. The 360 degree system installed to ensure fair rewards distribution while keeping company growth in mind is called a Total Rewards system.
Compensation refers to the total cash and non-cash component of a pay that is given to an employee for their work. Typically, compensation is the biggest recurring expense for an organization which when managed correctly can result is huge savings
Compensation benchmarking or Salary benchmarking is the data collection and analysis process by which internal jobs are matched to external jobs with similar responsibilities to identify the market rate for each position.
Employee engagement is a workplace approach resulting in the right conditions for all members of an organisation to give of their best each day, committed to their organisation's goals and values, motivated to contribute to organisational success, with an enhanced sense of their own well-being.

Copyright @ PayReview 2018. Evoque Advisory Private Limited is a company registered in India operating under brand name PayReview.