Overview of Manage Compensation

Compensation management involves managing base pay, individual compensation, and workforce compensation.

Architecture diagram of the areas that make up compensation managements.

Base pay is a person's fixed salary amount. You view and adjust this amount or any component amounts or percentages over the time the person works in your organization. Individual compensation involves awards made to individuals. It also involves contributions that individuals can make to company-sponsored savings and charities. Workforce compensation involves managing budgets and compensation for groups of people.