Incentive Compensation
Boost performance and build employee loyalty with Iconixx Incentive™.
Iconixx Incentive™ 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.
Automate and Demystify Even the Most Complex Bonus Structures
Iconixx Incentive™ can help anyone responsible for directing, planning, or managing any kind of bonus structure to:
- Establish a culture that rewards performance
- Increase accuracy of payouts
- Get real-time visibility for employees and executives
- Gain insights into the impact of compensation adjustments
Immediately Eliminate Manual Calculations
Eliminate the need for manual calculations. Simplify complex bonus structures, discretionary, and variable incentive plans. The calculation creation process is easy and intuitive, applying modular, reusable elements.
Automate Bonus Worksheet and Management Approvals
You no longer need to pass hundreds of spreadsheets throughout the organization. Automated bonus suggestions, range, and budget allocations can be approved or adjusted, seamlessly combined with other worksheets, and then moved to the next level (with an audit trail).
Integrate Internal Workflow
Iconixx Incentive™ coordinates and captures the input of field representatives, HR and compensation managers, management in other departments, or executives with customization, security, and ease of use.
Access Actionable Reporting and Analytics
Generate automatically scheduled reports, create ad hoc reports, and drill down to analyze data for actionable insights.
Experience Enhanced Communication
Access real-time data, reports, and your workflow inbox, all in one place, presented in an easy-to-use dashboard.
Confidently Forecast and Answer “What If” Scenarios
Forecast compensation plans before you activate them by conducting “what if” analyses. View side-by-side comparisons of incentive plans and scenarios, and quickly forecast the outcomes for accrual and finance.
Simplify incentive compensation management, create happy employees.
Blue Cross Blue Shield of Tennessee
“With more than 5,000 employees and 2 million plan members, our business is too large to continue calculating bonuses manually. Iconixx Incentive has given us the flexibility to revise our goals in response to market changes, and produce immediate reports to examine how the plan is working.”