Welcome to the Figures.hr Off-Cycle Review feature documentation. 👋🏻

This feature is part of and complete our Compensation Review module. This guide will help you understand its purpose and how it works.

Purpose

With this new feature, you can efficiently manage compensation adjustments outside the standard review cycle, such as off-cycle promotions, counter-offers and other necessary salary changes, like internal mobility.

1. Operational efficiency and consistency

• Handle compensation adjustments that occur outside the standard review cycle with the same streamlined and standardized approach as annual compensation review campaigns.
• Set up and follow a clear approval process, enhancing collaboration, reducing useless back and forth, and improving control.

2. Pay transparency compliance and easy justification

• Maintain a complete history of off-cycle adjustments within the system with comprehensive tracking, ensuring all changes are documented and accessible.
• Ensure off-cycle adjustments are following your company compensation guidelines and provide equitable treatment for all employees.

3. Budget control

<aside> ⚠️ This objective is not yet covered by our feature but will be in the near future. See “Expected improvements” section below for more information.

</aside>

• Eliminate the risk of overspending by having a clear budget overview of all off-cycle adjustments and their budgetary implications.
• Gain visibility into the financial impact of off-cycle adjustments with budgeting analytics and insights, ensuring decisions are made within budget constraints.