RemCycle
Remuneration cycle management
Annual increases and bonuses: budgets, merit matrix, guidelines, multi-level approval, letters, payroll extracts, pay reporting.
Cycle setup
- Merit matrix: rating by compa range, min / target / max
- Eligibility: hire cut-offs, bargaining unit, staff group, rating
- Budgets by company and level
- Payroll import: column mapping, validation before apply
- Deadlines, reminders, salary alerts
Increase capture
- Guideline per person from rating and compa-ratio
- Merit and adjustment as % or amount; lump sum
- Budget, proposed and remaining, live
- Out-of-guideline flags and comments
- Data queries, hold per person
Workflow
- Unlimited approval levels; pools roll up
- Release, release with override, send back
- Stand-ins with end dates
- Progress by unit and level; bulk release
- Full change history
STI
- Scheme %, group result %, individual factor
- Target and maximum caps
- Pro rata by period for movers and new hires
- Same capture and approval as increases
Letters, payroll, reports
- Letters per person, with bonus tables
- Payroll extracts: codes, batches, change files
- Pay gap (Companies Act), EEA4 income differentials, equal pay by grade
- Award equity and cycle analysis
- Sign-off with evidence
Specification
| Cycles | Annual increase and bonus cycles; any number per client |
|---|---|
| Roles | User, Reward, Administrator; letters and data sign-off |
| Staff data | Payroll import, or Core staff register |
| Templates, reminders, broadcast | |
| Audit | Every change recorded |
| Hosting | Hosted, multi-client; dedicated instance available |
| Background | Successor to RemPro (Sasol) and RemTrax (Nedbank) |