The Knovada software suite of products stands above all of the others for its ease of use, robust features and proactive support.
Benefits and Features
Our online bonus merit system provides organizations with the ability to automate the bonus and merit process within their organization; thereby reducing the time taken to calculate, validate and award bonuses or merit increases. The system facilitates proactive communication between the manager and the employee and can be used to document meetings and discussions that have transpired. Such a capability provides an audit trail in case there is a dispute regarding an employee’s bonus or merit increase. To manage the system, different levels of access are provided. The bonus merit administrators have full access to all system features and capabilities; the bonus merit human resource users have a limited access to the employee information; and the managers only have the ability to view information within their organizational hierarchy.
Ability to submit to next level manager for approval
Easily view pending and completed actions
Automatically calculate bonus and merit pools
View system generated manager specific emails
Generic and custom reporting capabilities
First line manager main menu summary screen
Second line manager main menu summary screen
The system allows you to submit your bonus and merit suggestions to your manager in an organized fashion. As a manager you can provide comments to explain the salary and bonus recommendations you are making.
The system allows you to view all pending bonus or merit actions in which you as a manger are required to review or provide a response.
The system allows you to view all completed requests and to view the requests and comments provided.
Emails that are generated by the bonus merit system are recorded and kept for viewing by the manager and for historical record keeping.
The system allows you the ability to run standard reports that are provided with the system. Additionally, you can create your own custom reports and save them for future reporting. Management is provided top down viewing capability. Administrators can turn on/off fields and support staff with ad-hoc views.
When recommendations are submitted, the system will recalculate the bonus and merit pool information thereby allowing the second line managers to know how much of their pool is remaining and can be awarded to their direct reports. Pools are recalculated once a recommendation is made and the remaining pool amounts are displayed in both dollars and percentages to assist the manager in ensuring they are achieving their company targets.
Provides the first and second line manager with a dashboard view of their recommendations, pending actions, completed actions, notifications, reports, merit pool information, and bonus pool information. Additionally, the manager can view bonus and merit recommendations and pool of their subordinate managers. There is also an area to view approved and pending approval recommendations. The manager can make bonus and merit recommendations based upon their targets and pool allocations.
Why Choose Knovada
Knovada is an internationally recognized provider of low-cost, high-value enterprise solutions with a focus on the delivery of simple software as a service (SSaaS) web-enabled integrated software suites for human resources administration and management, education and training and enhanced employee and customer communications. With a modular design and component architecture which provides the capability to select and deploy those elements which provide the greatest value to your organization, your enterprise can achieve the lowest total cost of ownership while maximizing the return on your software investment. No Information Technology resources are required which allows your staff to focus on supporting the organization. We provide our customers with a Capital-expenditure Free service while still enjoying the benefits enjoy enterprise-class technology which makes them competetive, in control, secure, and with the ability to work from anywhere that has an internet connection. Our software has easy to use confguration options that allow you to decide which fields will be displayed and the text that will be presented.