Wages

Inconsistent wage setting poses risks to a business’s sustainability and employee satisfaction. Possibly leading to the departure of high-performing individuals seeking fair compensation and can result in unintentional overcompensation, causing financial inefficiencies. Addressing these issues is imperative for fostering a stable, motivated workforce and optimizing financial resources.

The Appward Wages app aids in setting base rates for every position, offering customizable calculators that go beyond basic considerations like years of experience and skill sets. It allows you to set parameters that are aligned with industry standards, internal equity or performance metrics, providing the freedom to tailor compensation calculations to resonate with your organizational goals.

Take a test drive

Consistently calculate fair wages

Create calculators for each position with
Customize calculators with specific attributes and skillsets for each position
Set standard rates to minimize the risk of overcompensating or under compensating

Easily track and reference historical compensation

Calculate rates based on each employee’s experience and contributions
Easily connect to the Employees app for a full view of current and past employee’s compensation history
Add additional calculators to each employee’s profile to track their compensation calculations over time

Create calculators according to each position within your company
Set a base pay for a salaried or hourly wage
Include members to oversee each calculator
Customize calculators to determine rate multipliers based on any factor you establish
View and test calculations to ensure compensation is being applied correctly
Initiate an approval process once a calculator has been created
Access a list of wage’s that have been calculated and implemented per employee

View each employee’s compensation history and past calculators
Edit wage calculators accordingly for each employee
Add wage calculators that align with promoted positions
Initiate approvals before making wages official
Set wages per employee
View any wage calculators that have been archived for historical reference
See which wage calculators have been applied to each position
View all employees associated with each position and the wages associated with each employee within that position

Set up a multi-staged approval process with multiple participants or just a one-step approval to review wage calculators and wage changes
Label each stage of your approval process and assign who you would like to approve within that part of your process
Set a deadline date for each approver so they are aware of when they need to approve
Add members for full visibility into all comments, feedback, posts and key information of a change request to make well-informed decisions
Send notifications and reminders to each approver, letting them know they are part of the approval process or to submit their responses

Converse with others to gather input on wage calculators in a dedicated area
Add @mentions to message members and participants to directly send a Notification link to their Appward sidebar
Like a post to acknowledge and notify the author of a post
Attach documents, images, media and AppShare links to connect to any record in Appward

Attach files related to individual wage calculators to conveniently provide supporting information
Link to files in the Appward Cloud, Appward Documents or upload from local storage
Organize files by list order using arrow keys

Gather metrics to identify patterns, recurring issues or discrepancies
Analyze data to address challenges, streamline processes and drive continuous improvement proactively
View insights to understand the number of approved or declined changes to gain an overview of decision outcomes
Collect insights to monitor the status and progress being made of implemented changes
Utilize metrics to track the status of changes to maintain compliance and ensure you are meeting regulatory requirements