Varicent Incentive Compensation Review
March 09, 2021
Varicent Incentive Compensation Review
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Varicent Incentive Compensation Management
We use the ICM platform company wide to address our incentive compensation bonus plans. It addresses our problems of calculating bonuses manually in Excel. Teammates log in on a monthly basis to review their bonus compensation summary and approve it before we send it over to payroll for processing. This helps ensure we do not overpay/underpay our teammates.
- Provides visibility to our teammates that they did not have before.
- Calculates bonuses at a company wide level instead of individually.
- Keeps historical information for us.
- The layout currently is too bulky/same color so it is difficult to see.
- Building out reports.
- Adding to the system without building knowledge.
- Fewer compensation calculation errors.
- Increased productivity.
- Increased transparency to teammates.
All tickets always assist us in a timely manner and provide exceptional support. However, since the support team is not familiar with your specific model, it is hard to get answers that the developer can get to much faster.
It was a close tie - but it came down to the dollars.