Compensation Plan Governance
CompTrak's Compensation Plan Governance solution provides an overarching framework for monitoring and reviewing all compensation plans within an organization.
Each compensation plan is assigned to an Executive Owner with a review framework that can be configured to set up 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. The Compensation Plan Governance module is ideal for Executives and Board Compensation Committees.
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
Document Management
Integration with CompTrak’s other modules