Incentives and variable compensation can be among the most important drivers of individual performance. By aligning rewards for individual activities with strategic objectives, incentive compensation management delivers significant strategic and financial value to any organization, and can do so with great efficiency.

Yet, managing complex incentives is extremely difficult. Integrating and processing large volumes of event-level data, ensuring accurate date-effectivity of compensation plans, managing the dispute process and allowing rapid plan updates at scale often limit an organization’s ability to maximize the impact of their incentive programs.

Merced’s incentive compensation management solution (Merced Incentive Compensation Management) tackles all of these challenges. Merced offers a range of incentive compensation management solutions depending on depth and breadth of customer needs, starting from a standalone Merced Incentive Compensation Management deployment and ranging to Incentives Plus, an add-on solution for existing customers. Each solution supports unlimited plan types, SPIFs or contests for cash or non-cash rewards, allowing for advanced adjustments and comprehensive auditing. The solution also integrates modeling and reporting for plan analysis and forecasting and offers unique scalability to allow for large-scale Incentive Compensation Management programs for all functions.

Benefits of Incentive Compensation Management

• Accurate, timely payments to sales staff – critical for sales team motivation and retention
• Reduced risk of over-payment and shadow accounting
• Lower administrative costs in managing the compensation process
• Alignment of individual incentives with business objectives
  

Features of Incentive Compensation Management

• Innovative calculator functionality that is powerful and easy to use; based on single-screen, excel-like calculators
• Data availability for real-time performance, real-time reporting, real-time simulation and modeling
• Advanced capabilities for a wide range of adjustments
• Proven scalability for the largest, most complex operations (tens of thousands of payees and millions of events per day)
• Merced Incentive Compensation Management is available on-demand or for on-premise deployments