Compensation Management
Create faster, easier compensation reviews
Take the stress out of compensation reviews with centralised data, access control and easy approvals.
![Compensation Top Hero Image](https://images.ctfassets.net/p03bi75xct27/3VFeg2phB4uKySODECVISh/5d6d3533b8d04af811ac1693d037598d/Header_-_EN__2_.png?q=80&fm=webp&w=2048)
See Compensation Management in action
![Anna Rusinek](https://images.ctfassets.net/p03bi75xct27/2Ch62yqUBHjaYoLnyRYfsE/a4de7d974c993f6a50fb686464073dc6/Screenshot_2023-09-29_at_10.40.05.png?q=80&fm=webp&w=2048)
Anna Rusinek
Head of Business Development & People Analytics, Westwing
"We put employee experience first. Compensation Management will help us to make this a reality by reducing complexity and allowing us to channel our energy towards team development."
Stay on track and on budget
Simple compensation cycle set-up means tracking and approvals are a breeze and you easily stay on budget. Maximise stakeholder satisfaction from the bottom up.
![Compensation Stay on track and on budget](https://images.ctfassets.net/p03bi75xct27/6jbqkL11E8b0iUnViSbJlp/4c3d8dc2c201acf33dcfad7a0777c685/Budget_-_EN.png?q=80&fm=webp&w=2048)
Simplify complexities
Handle multi-currency scenarios with in-built exchange rates you can set. Build engagement with one-time compensation and easily manage compensation for part-time employees.
![Compensation Simplify complexities](https://images.ctfassets.net/p03bi75xct27/3IrLUzwamp6VA8MtbxwXrF/96a7a323b5da1bb45c185a4f768d68de/Currency_-_EN.png?q=80&fm=webp&w=2048)
Be more fair and transparent
Reduce bias with salary bands, performance ratings and compa-ratios. Create supervisor guidelines so decision-makers stay within your policies and employees have a fair process.
![Compensation Be more fair and transparent](https://images.ctfassets.net/p03bi75xct27/5q6GmIUcSrbWnpHwufvzTq/d05d791aeda8f6cee97ff0c24b93acf1/Worksheet_-_EN.png?q=80&fm=webp&w=2048)
Balance data privacy and access
Minimise risks with centralised information and relevant access rights: no more accidental shares of sensitive data. Ensure key stakeholders have the right oversight.
![Compensation Balance data privacy and access](https://images.ctfassets.net/p03bi75xct27/5gCw5RmFzm8T8zkacAFvdO/c8bc664fcd627e91844461f9f4f07582/ApprovalFlow___EN.png?q=80&fm=webp&w=2048)
Get rid of multiple systems
Gain a single interface for salaries across teams. Remove the stress of spreadsheets. Personio automatically updates salary data for payroll and adds reward letters into employee profiles.
![Compensation Get rid of multiple systems](https://images.ctfassets.net/p03bi75xct27/4isNlOmdyU98nZny4i6PNy/faf6cd8b45f603f2e2cbcbb73907dc56/OneSystem___EN.png?q=80&fm=webp&w=2048)
Make it easy for managers
Empower managers to make informed decisions, with data in one place. Add contextual information and reduce delays with notifications and provide instant reward letters.
![Compensation Make it easy for managers](https://images.ctfassets.net/p03bi75xct27/47idcqyWNn0W3z7dQc7Em9/013b586fe7f9126d3eaf704a2fa29f6a/SalaryIncrease___EN.png?q=80&fm=webp&w=2048)
Benchmarking
Make data-driven compensation decisions with instant access to benchmarking data. Ensure you can stay competitive to ever-changing talent markets.
![Compensation Benchmarking (coming soon)](https://images.ctfassets.net/p03bi75xct27/69RxVS8fptZHPFAGz9k4l4/99a65d800ba6ce7c44ad95e628a557e2/Benchmarking___EN.png?q=80&fm=webp&w=2048)
Download: Salary bands: Best practices and template
This easy-to-use best practice helps set you up for success by:
Understanding the critical role of salary bands
Learning the best practices for setting salary bands
Creating your own salary bands with a helpful template and process
![Template Salary bands](https://images.ctfassets.net/p03bi75xct27/b303p3B4zF624eMPmSeCm/518450a60baf0ed9e593151231246d32/Thumbnail_EN.png?q=80&fm=webp&w=2048)
Learn more about Compensation Management
✓Get individual consultation for you and your team from our Customer Growth Team
✓ Start your first compensation cycle now and simplify the way you review and adjust salaries