Compensation Plan Governance
Available on its own or integrated with our other offerings, Compensation Plan Governance is available to Executives and Board Compensation Committees as providing an overarching framework for monitoring and reviewing all compensation plans within an organization.
It is designed to assign each compensation plan to an Executive Owner with a review framework that can be configured to setup review and log issues with follow-up plans pertaining to the compensation plans.
This module is a great way of providing an organizational view and transparency to compensation plans and ensuring that compensation plans are achieving the desired result.
Compensation Plan Governance Features:
Assignment of an Owner to every Compensation Plan
Configurable review and audit frameworks and with reminders sent to owners
Issue logs with Follow Up actions
Executive and Board Reporting
Integration with CompTrak’s other modules