Compensation management system and method
a management system and performance-based technology, applied in the field of management systems, can solve problems such as difficulty in keeping track of performance-based employees, and achieve the effect of improving the performance of performance-based employees
Inactive Publication Date: 2020-11-05
BCIT LLC
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Benefits of technology
The patent describes a method and computer program for compensation management for performance-based employees of a target business entity. The method involves defining demographic information and business information for the target business entity, and analyzing this information to identify a proposed compensation plan for the performance-based employees. The proposed compensation plan can be modified based on the analysis of the demographic and business information. The technical effect of this patent is to provide a more effective and targeted approach to compensation management for performance-based employees of a business entity.
Problems solved by technology
Unfortunately, it is often difficult for these performance-based employees (and the organizations for which they work) to keep track off and stay current with respect to the earnings / compensation of these employees.
Method used
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[0025]System Overview
[0026]Referring to FIG. 1, there is shown compensation management process 10. Compensation management process 10 may be implemented as a server-side process, a client-side process, or a hybrid server-side / client-side process. For example, compensation management process 10 may be implemented as a purely server-side process via compensation management process 10s. Alternatively, compensation management process 10 may be implemented as a purely client-side process via one or more of compensation management process 10c1, compensation management process 10c2, compensation management process 10c3, and compensation management process 10c4. Alternatively still, compensation management process 10 may be implemented as a hybrid server-side / client-side process via compensation management process 10s in combination with one or more of compensation management process 10c1, compensation management process 10c2, compensation management process 10c3, and compensation managemen...
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A computer-implemented method, computer program product and computing system for: defining demographic information for a target business entity; defining business information for the target business entity; and analyzing the demographic information and / or the business information to identify a proposed compensation plan for one or more performance-based employees of the target business entity.
Description
RELATED APPLICATION(S)[0001]This application claims the benefit of U.S. Provisional Application No. 62 / 840,959, filed on 30 Apr. 2019, the entire contents of which is herein incorporated by reference.TECHNICAL FIELD[0002]This disclosure relates to management systems and, more particularly, to compensation management systems for performance-based employees.BACKGROUND[0003]In business, employees are often compensated based upon performance. For example, people that assemble items may be paid based upon the quantity of items that they assemble. Additionally, salespeople may be compensated based upon the value of the products that they are selling. These performance-based employees are often compensated based upon a commission, wherein e.g., they may earn X % of whatever they sell, or Y % of the profit of whatever they sell.[0004]Unfortunately, it is often difficult for these performance-based employees (and the organizations for which they work) to keep track off and stay current with ...
Claims
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IPC IPC(8): G06Q10/10G06Q10/06
CPCG06Q10/06398G06Q10/105G06Q30/01G06Q10/1057G06Q10/04G06Q10/087G06Q30/018G06Q50/04G06Q30/0185G06Q40/12G06Q50/01G06Q40/125G06Q30/0282Y02P90/30G06Q20/42G06Q10/063114
Inventor PHILLIPS, MICHAEL J.SMITH, MICHAEL C.CHEN, CYNTHIAHALEY, TRAVIS J.CACACE, SEAN T.HENINGER, ZANE R.
Owner BCIT LLC