Compensation Management Software
Manage employee compensation with ease
Keka helps you manage and plan your compensation strategies, so your employees are always paid fairly and competitively. Accurately manage your employee salary revisions and never err on what matters most to employees.
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Salary revisions
Keep track of revision cycles and revise salary anytime
Keka gives you visibility of all pending salary revisions. Should you need to revise a salary in advance, Keka lets you schedule a revision in the future too. And when you missed revising a salary, Keka payroll takes care of the arrears for delayed revisions.
Optimized salaries
Customize salary structures for the best take-home salary
Keka provides you optimized salary templates that you can readily use. You can also customize the templates for all salary ranges and senior executives or the floor teams.
Gain insights
Compensation analytics and Compa ratio
Keka provides rich compensation analytics that can help you in your compensation planning. You can further gain insights on the pay distributions among genders, departments, etc.
One of the best employees friendly. Compensation management in Pharma is very complex, but Keka made it easy, like never before.
Rajesh K
Vice President- HR | Metrochem
Compensation Analytics
Forecasting by Salary cost
Employee salaries are the biggest expenses for most businesses. Keka Payroll helps you plan your cash flows and show you changes in actuals from the planned salaries.
Budget planning
Plan and budget your new hires to align with your strategy
Keka payroll software helps you budget various job role hiring and give you a project of the employee costs.
Compa Ratio
Measuring employees competitiveness in terms of compensation
Most enterprises would like to have fair pay practices, but lack tools to measure pay vs performance. Keka compensation software allows you to track the performance of employees vs pay comparison to ensure your high performing employees are not underpaid.
Salary timeline
See all the history of salary revisions of an employee
Keka provides an easy view of all employee salary revisions that keeps track of all variable performance bonuses too. In addition, Keka helps record any additional notes against these revisions.
Frequently asked questions
What is compensation management software?
Compensation management software allows you to calculate and communicate total rewards, a tailored summary of the value of each employee's compensation package, which includes things like health insurance and retirement savings
Why use Compensation Management Software?
Compensation management software that is properly deployed may assist managers and HR make wise, educated decisions about recruiting and compensation planning. Employee engagement, retention, and productivity can all benefit from a company that delivers cutting-edge compensation.
What are the features of Keka Compensation Management Software?
Keka’s compensation management system gives you a comprehensive set of features to manage your compensation plan. The insightful analytics allow you to analyze trends right from Upcoming Salaries and Revisions to Planned vs Actual Pay compensation.
How does Compensation Management Software help employers?
Companies need to adopt a strategic approach to compensation planning in order to retain top talent. Compensation planning involves more than spreadsheets to be successful. This is where compensation management software comes into picture and helps navigate the compensation strategies and plans in the right direction.
