Create compensation plans that drive sales and strategic goals. Iconixx supports any combination of pay components, rules, calculations, aggregations, and sequencing with ease.
Guarantee Accurate Commission Payments For Your OrganizationOverview
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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Surprising attitudes millennials have about total compensation management
By Carolyn Jenkins,
When it comes to managing a multigenerational workforce, employers may want to note key differences between workers of each generation to improve their total compensation management. In motivating workers of all generations to increase their productivity, businesses should strive to offer jobs that are satisfying and fulfilling - a significant factor in how employees choose employers, according to research by software and online communities services provider Communispace. However, employers may be surprised to know that Communispace's research indicates the generation that values compensation more than other generations is not baby boomers or Generation X, but millennials.
Manila Austin, vice president of research at Communispace, wrote in Fast Company that one of the myths about millennials is that this group would rather work at a job that is fulfilling rather than one that offers the most money. While this is true for most age groups, millenials would pass over a fulfilling job if the compensation offered at one was more appealing, according to Communispace.
A survey by LinkedIn also shows millenials prize compensation over other career motivators, even work-life balance, according to the social network's Talent Trends 2014 Report.
"Generalizations provide some guidance, but every professional is different," according to an infographic by LinkedIn. "Listen and watch for cues on their profile and in conversations. If you do, maybe the job you offer will be the one they end up loving."
Since both the Communispace and LinkedIn surveys indicate millenials prioritize compensation, businesses may need to change up their strategies for employee recruitment and retention. Companies may want to implement incentive compensation management solutions that facilitate tracking employee performance to make sure millennial workers are motivated to work at their top level of productivity. These types of solutions could be the key to allow employers to keep workers engaged.
About the author
Carolyn Jenkins leads the Customer Success team in exceeding our customer's expectations by continually fostering a customer-centric culture throughout the entire organization and building true customer advocates that speak to the business value achieved through Iconixx solutions.