You can use Compensation reviews to create and manage a centralized compensation review cycle completely within ChartHop.
Within a compensation review, you can create budgets, guidelines, and implement approval flows that you can customize to fit the needs of your organization. You can establish a timeline for your compensation review cycle, collaborate with managers and approvers, and clearly visualize the impact of compensation changes to your organization. All of these tools enable you to build and implement a more transparent and equitable compensation plan.
To access compensation reviews: From the left sidebar, select Comp Reviews.
When you access compensation reviews, a list displays all compensation reviews available to you (either as an Owner or as a participating Reviewer or Approver). From here, you can open an existing compensation review or create a new compensation review.
When you are a compensation review owner, and you open an existing compensation review, the following can occur, depending on the status of the selected compensation review:
When the compensation review setup is currently in progress, the Cycle settings display.
When the compensation review is active, the Cycle overview displays. The Cycle settings are unavailable. To display the Cycle settings, you must pause the cycle. Learn more.
When the compensation review is paused, the Cycle settings display. Learn more.
When the compensation review is approved, the Cycle overview displays. Learn more.
When the compensation review is closed, the Cycle overview displays. Learn more.