Create compensation plans that drive sales and strategic goals. Iconixx supports any combination of pay components, rules, calculations, aggregations, and sequencing with ease.
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Crediting and Calculation refers to a series of automatic steps that are initiated by either the user through the calculation page, or as an automatic scheduled process.
Crisp, Meaningful Visualizations for Your Sales, Compensation, and Finance TeamsOverview
Modern operational systems house massive amounts of data, and sales compensation systems are no exception. Decision makers need at-a-glance visibility of meaningful data and trends, enabling them to quickly interpret and act on data.
Optimize Sales Strategies, Reduce Risk with Robust Plan Modeling and ForecastingOverview
Simply design and review plans before releasing. Create plans in your modeling environment to achieve confidence in the actual outcomes. Accurately forecast payout amounts to enable better budgeting.
Iconixx Manages Your Company's Workflow from Assignment to Review and ApprovalOverview
Why Automate Your Workflow Process? Salary and compensation processes extend beyond one department.
Governance and ReportingOverview
Apply standard templates, create ad hoc reports, or use a vast array of analytic tools within your solution to drill deep into sales data. Access data like never before.
Iconixx for Quota ManagementOverview
Iconixx enables companies to simplify quota planning processes with our sales performance management software. Quickly and easily use valuable insights to create accurate and attainable sales quotas that align with your business goals.
Automate, Simplify, and Streamline Incentive Compensation Plans for Peak PerformanceOverview
Iconixx makes it easy to efficiently and clearly create and manage even the most complex structures for discretionary pool bonuses, management-by-objective (MBO) rewards, and noncash payouts and promotions.
Automated Merit and Salary Management That Makes It Easy to Get It RightOverview
Iconixx compensation planning software makes it easy to design, create, and manage customized salary and merit compensation plans that fit your business needs.
Sales Compensation Software by IconixxOverview
An Easier, Safer Path for Sales Performance ManagementOverview
Sales Performance Management for Your Industry. Yes, Yours.Overview
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5 telltale signs it's time to switch to incentive compensation software
By Brian Thompson,
In the office, some employees thrive off a high-pressure environment and that shows in their stellar work effort. However, when top-performing employees start to slack off, this is one indication that they are burned out and need to jump start their motivation.
The Mayo Clinic describes job burnout as "a special type of job stress - a state of physical, emotional or mental exhaustion combined with doubts about your competence and the value of your work. If you think you might be experiencing job burnout, take a closer look at the phenomenon. What you learn may help you face the problem and take action before job burnout affects your health."
Workers who do well tend to raise the bar for other employees - and the opposite could also be true if employers do not monitor their workers' performance. Using incentive compensation software, employers can adjust their incentive program to help boost employee morale.
Here are 5 signs it's time to switch to incentive compensation software:
1. Employee performance is suffering
When employees associate chronic stress with their job, they are most likely burned out, which is marked by an inability to concentrate on the task at hand, negatively affecting performance and preventing them from doing their job effectively. Look out for signs of burnout amongst employees, including not being interested or invested in their work. If this is happening in the workplace, employers can invest in incentive compensation software to help motivate workers by offering them creative and fulfilling rewards in turn for great performance.
2. Quality of work decreases
Lack of motivation could be the primary reason why employees who were known to turn in solid work are now slowly decreasing in quality. If they are turning in assignments with mistakes or their attention to detail is slipping, employers need to know why their star workers are not performing well. Incentive compensation management software could help them record important numbers to measure worker productivity. If their quality of work is deteriorating, employers can look back on their previous levels of performance to see if there were problem areas or issues along the way that may have been a factor.
3. Office morale is down
Burnout could start off with one employee and spread to the rest of the office once they see their fellow workers struggling. This spreading wildfire-like trend is what employers want to avoid. To keep workers motivated, it helps to remind workers that their goals align with the company's. Incentive compensation planning helps employers determine realistic demands of their workers while giving employees the ability to take control of their own goals and needs.
4. Turnover rate is high
Employees reaching their breaking point think about quitting or may already be actively searching for a new job. This could result in costs related to recruiting, contacting, interviewing and hiring new employees. To prevent an expensive talent drain for the company, companies can use incentive compensation software to alert employers to their top performing employees to recognize them for their achievements before they turn to the competition.
5. Workers are late to work
If workers come into the office a few minutes late or turn in documents past the due date on a consistent basis with no sign of resolution on the employee's part, employers should take this as a sign they are becoming unmotivated. When employees who are usually on time start to miss crucial deadlines, managers must take action as this decreases productivity for the company. Giving workers a reward after they meet certain compensation criteria will let employees know their work is valued while they are contributing to the company.
Knowing these signs of burnout and disengagement around the workplace, employers can take action to increase productivity for their company and boost employee morale.