The Only Vendor That Supports Both Cash & Non-Cash Compensation & Rewards

Workstream Compensation Version 7 continues the Workstream tradition of offering the most flexible and globally capable set of compensation solutions on the market. This unified set of products enables end-to-end management of all types of enterprise compensation, including salary, merit increases, variable pay, stock awards and non-cash incentives. Leveraging TalentCenter Version 7’s single, unified user experience and adding new integrated knowledge management capabilities Workstream Compensation is a revolutionary step forward providing a strategic total compensation solution. In addition, the Compensation products can be implemented separately or together, allowing organizations to achieve the goal of realizing a flexible pay-for-performance philosophy at their own pace.

Workstream Compensation & Rewards Applications Include:

• Workstream Compensation is the industry leading total compensation planning solution which supports all types of compensation planning cycles for salary, variable pay and equity evaluations across the global enterprise. New: Workstream Compensation now supports the ability for managers to award points to be used within the Workstream Recognition Solution directly with the focal and non-focal compensation plan. With merit and incentive budget pools being constrained due to the difficult economy this new capability provides a cost effective method to recognize and reward high performance and employee loyalty. Workstream provides the industry’s only integrated cash and non-cash compensation solution and is an example of why more and more companies are looking to Workstream to help them manage their compensation processes.
• Workstream Recognition is a non-cash awards system designed to reward employees for attaining corporate milestones or demonstrating positive performance-based behaviors that drive business results.
• Workstream Employee Discounts is a low cost, high value work-life benefit offering that employers can extend to their employees. This online discount marketplace offers employees up to 30% savings on a variety of products from over 200 nationally recognized brands.
• Workstream Total Rewards Statements is a Web-based product for employees to access, view, model, and manage all of their corporate-sponsored compensation and financial benefits