OVERVIEW - Reward
It is universally recognized that in a manufacturing scenario, productivity can be increased by instituting innovative employee incentive schemes. Various productivity and employee linked parameters required for incentive schemes are already captured in SAP. Reward™ helps you to leverage these.
What is Incentive Management System?
Reward is a comprehensive add-on package for the SAP, which facilitates easy and centralized management of multiple incentive schemes for employees. The system allows authorized end users to define any incentive scheme in English, using the super-set of possible inputs provided by Reward™. A user-defined scheme becomes applicable only after this is activated. First time activation of an incentive scheme requires assistance from GCI Enterprise Solutions. Once activated, the incentive scheme would be included for actual computation of incentives based on inputs and data periodically captured from standard SAP modules.
Reward™ computes the incentives as applicable for each employee on a scheduled or on an as required basis, and feeds the incentive figures to the Pay Roll of the HR Module of SAP.
Product Features
- Authorized users can design new incentive schemes by defining these in English using a super-set of inputs from the Time Management and Production Modules of SAP
- Easy first time activation of all newly created Incentive Schemes by GCI Enterprise Solutions.
- Facility for users to view all Incentive Schemes, including the inputs used and the logic of incentive computation written in English
- Facility for the authorized end users to toggle the status of a scheme as active or inactive.
- Facility for authorized end users to modify any existing incentive scheme, and save this as a new scheme.
- Logs of incentive computations are maintained for audit purposes
- Incentive slips generated by the system
- Customized MIS Reports regarding incentives disbursed to employees
