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Merit and Bonus Cycles

Run Merit & Bonus Cycles based on market data & salary bands.
global comp databenchmarkingmerit and bonus cyclespay strategy and rangespay equitytotal rewards statementsheadcount planningintelligent offers
Merit and Bonus Cycles

Reward performance to motivate employee engagement.

Determine comp adjustments with data-driven workflows. Get a full picture of employees’ comp in the context of your company’s pay strategy and industry benchmarks so managers can make informed comp adjustments that reward and motivate the team.
“Using OpenComp elevated hiring and merit cycle conversations to the level of science.”
Sheri Kelleher,
SVP People, Incorta
Merit and Bonus Cycles Screenshot
Merit and Bonus Cycles Screenshot
Assign budgets, set eligibility criteria and determine approval workflows all with a simple, step-by-step wizard.
Track each manager’s progress and respond to inquiries from one central location.
Merit and Bonus Cycles Screenshot
Merit and Bonus Cycles Screenshot
See the impact of your cycle in real-time and immediately identify and correct issues.
Automatically generate letters to inform employees of their increases and promotions at the click of a button.
Merit and Bonus Cycles Screenshot

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