BalancedComp, an industry-leading compensation consulting company for banks and credit unions, is excited to announce the launch of its latest product, BalancedRewards. This innovative web application is designed to help financial institutions attract, incentivize, and retain employees by enhancing their total employee rewards proposition with a sophisticated, self-funding corporate incentive program that allows instant outcome assessment.
BalancedRewards is easy to use and supplements a more extensive suite of software solutions, including BalancedComp (Salary Administration) and BalancedResults (Performance Management). It is designed to tie pay with performance and enables every action taken across any of BalancedComp’s three proprietary systems to be bulk-activated en masse.
Latest Fintech News: MassPay Joins the Visa Fintech Fast Track Program
This program also offers a range of tools and resources to help managers address retention risks. BalancedRewards includes a corporate goal library of recommended sales KPIs, weighted scoring tied to improving employee engagement and satisfaction, and a range of training and development resources to help leadership teams build stronger relationships with their employees. Its advanced data reporting features and the ability to measure the direct effects of an incentive plan based on true employee motivations and revenue-generating behaviors allow BalancedRewards users to predetermine a cost analysis for each desired outcome and quickly set who is or is not eligible. Furthermore, this program establishes shared visibility on performance and costs, creating an additional line of sight for employers and employees to see a granular view of how they can impact their bonuses.
Latest Fintech News: Interactive Brokers Launches Securities Lending Dashboard
To celebrate the launch of BalancedRewards in May, BalancedComp recently offered a free month-long trial to all existing BalancedComp and BalancedResults clients. Marking the first preliminary in-application user access trial for this salary compensation company in over a decade, it enabled full feature and reporting accessibility and empowered users to streamline the administration of their plans once built.
“We are thrilled to bring BalancedRewards to our partners,” said BalancedComp CEO, Christie Summervill. “Our team has worked tirelessly to deliver an app that is both easy to use and serves an exceptional value to our clients, using data and expert HR methodology to answer the hard questions. We believe in leading by example and that BalancedRewards can help revolutionize a holistic approach to measuring total cash comp and performance management. We can’t wait to see the impact it will have on the future of elevated corporate incentive planning.”
Latest Fintech News: Trebellar Secures Funding to Bring ‘Actionable AI’ to Workplace and Building Operations
[To share your insights with us, please write to sghosh@martechseries.com]
