The Incentive Plus module is an optional add-on to Merced Performance Suite for customers with dynamic variable pay plans for employees. Organizations with frequently changing plans, advanced rules or heavily transaction-based commission drivers (vs. daily or weekly aggregate performance) will benefit from Incentives Plus.
This module offers a variety of advanced features that help improve sales force and service employee motivation and retention, increase incentive calculation accuracy, reduce costs for managing incentives, and run a pay-for-performance system which rewards employees for achieving targets that align with business strategy.
Incentives Plus Features & Benefits
- Singular integrated platform – offering feature-rich and comprehensive incentive management functionality
- Ease of loading and managing data – enables the business to load commissions event data and manage payees and hierarchy without help from IT, creating an agile environment
- Pre-built integration to Merced Performance Suite – business users can quickly and easily access Merced Performace Suite data and user interface, matching performance with compensation
- Single Screen Excel-like Calculators – Any business user familiar with excel can define and manage plans
- Intelligent adjustments – Users can quickly and easily make post-period adjustments with advanced data management tools and the help of built in templates for administrating claw-backs, charge-backs and draws
- Built-In Quota Management – Users can generate reports on previous attainment vs. targets as well as develop and assign comprehensive budgeting plans
- Extensive Automated Workflow Capabilities – Users can define payment disputes, plan approval, payroll integration, and other workflows to reduce manual work, payout errors and provide detailed audit trails
- Flexible Communication of Plan Changes – Administrators and managers are able to communicate plan changes, SPIFs, sales competitions, and regulations quickly and easily
- Payee Modeling – Payees can directly access models to see how their individual compensation will change based on different actions taken
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