Compensation Management is a flexible salary planning tool that improves the salary review process for both the human resources department and management. Managers can create compensation review models with different what if scenarios and when finalized, submit for approval and update Define needed competencies and map those competencies to specific positions within your organization. Then compare this information to data about existing employee skill sets and identify gaps and to determine recruitment and training needs Define competency-based or traditional text-based appraisals, establish multiple performance rating scales, keep ongoing diary notes and manage career development goals