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Cloud-based HR compensation management with insight analysis

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Cloud-based HR compensation management with insight analysis
SimplyMerit? SimplyMerit from MorganHR is a cloud-based HR compensation management software solution that supports business leaders with optimizing merit spend budgets and annual bonus pools. Promising “Live in Five” days deployment and configuration time, the centralized system imports existing compensation data, and connects into established performance management processes with integration for ADP Workforce and Namely. With real time capability, SimplyMerit handles currency conversions, applies prorations automatically, while also generating and distributing adjustment letters. Requested compensation adjustments remain transparent throughout the software which has been designed to follow the traditional merit pay adjustment request and approvals workflow.

Additionally, SimplyMerit offers a collaboration engine for assisting the collaborative work between teams of users, while tracking all updates and changes for auditing purposes. Secure user permissions ensure that only authorized managers have access to sensitive compensation data. Predictive modeling tools go on to advise on the projected impact of any planned compensation adjustments, with real time monitoring applied to set budgets. Analytics is also provided in the form of SimplyMerit Insights, which combines a company’s data with MorganHR consultancy to deliver boardroom-ready reports. These include compensation insights spanning biases and disparities, gender-pay differentials, HIPOs, employees at risk, market pay and budget allocation analysis, plus a range of identified merit cycle outliers.

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