Compensation planning tool and method
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United States of America Patent
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Oct 6, 1998
Grant Date -
N/A
app pub date -
May 1, 1996
filing date -
May 1, 1996
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
Compensation planning tool (24) for use in connection with a computing device (12). A compensation planner (25) may receive and store compensation information for a plurality of employees. The compensation information preferably includes an identifier (100), a current salary (112), a current bonus (130), a current salary guideline (78), a current total compensation guideline (80), a planned salary action (122), a planned bonus action (132) and a ranking (108). The compensation planner (25) may sort the employees by rank and display a compensation plan. The compensation plan may include a current total compensation (103), a planned salary (108) and a planned total compensation (105) for each employee. A report (210) may be generated from the compensation plan. The report (210) may include a representation (214) of the planned total compensation for each employee arranged by rank. The representations may be operable to visually display the correlation between the rank and the total compensation of the employees in the compensation plan.
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