D365 Human Resources Training 3: Compensation Management D365

 Compensation Management

Utilize Microsoft Dynamics 365 Human Resources to efficiently handle standard compensation activities. This includes the development of fixed and variable compensation plans, as well as the administration of spot, cyclical, short-term, and annual bonuses. Additionally, the platform allows for the management of long-term incentives, such as cash awards, stock awards, and stock options.

 Compensation management enables you to: 

1. Develop fixed compensation plans based on step, grade, and band structures.

2. Create variable compensation plans to manage elements such as bonuses and stock options.

3. Calculate fixed and variable compensation amounts, considering factors such as performance, region, and budget increases.

4. Conduct "what-if" compensation scenarios before finalizing commitments to employees.