Compensation Management

Hibob Unveils Compensation Management Module for HRIS Platform

Hibob – the extraordinary HR tech organization that helps high-development organizations build up their representatives and their way of life – is disclosing a compensation the board module for its HRIS stage, 'weave', a hearty stage depended upon by a large number of current, moderate sized and worldwide organizations over the globe. The expansion of this compensation usefulness will manage the cost of numerous advantages to scaling organizations, specifically in helping them assess, survey and distribute worldwide compensation financial plans intelligently, productively and without mistake.

"By simplifying and automating organizational allocation of base pay, variable pay, bonus, and equity, Hibob's new feature is a one-stop solution for companies looking to effectively manage compensation distribution – all while aligning actions with appropriate governance and risk," said Ronni Zehavi, CEO of Hibob. "Especially for fast growing companies, this customizable product update will be an immeasurable help in moving away from the chaos of confusing and error-prone spreadsheets to the implementation of an efficient, accurate and easy process designed to allow multiple stakeholders to handle complex compensation rules and compliance."

Hibob's new element additionally outfits authority with the capacity to furnish HR groups with the correct apparatuses to drive educated compensation choices. It encourages certain dynamic by making the correct information accessible to partners at the specific time they are investigating the worker's compensation. The compensation the executives arrangement rearranges measures for organizations, and straightforward in this module is splendid. HR experts utilizing it won't have to go through months gathering information and refreshing accounting pages, and can successfully serve their staff in a more smoothed out methodology.

GiG, a main worldwide B2B stage arrangements and media supplier in the iGaming area, used Hibob's compensation highlight in front of its authority rollout in a private beta and at present use the framework to put together and smooth out their representative compensation structure.

"Using [bob's compensation module] has helped me and my team save 50% of the time previously dedicated to compensation review. One of the reasons behind the time saved is the ability to share compensation details directly with the managers, cutting out the necessity to organize ad hoc meetings," said Claudia Ginex, Director of People at GiG. "You can immediately download a master sheet of all the compensation recommendations which supports the transparency of the process. We closed the compensation cycle in less than 15 days and without the help of this technology, we would have spent our nights on this process, stressing over whether our managers have been given the right data. bob's efficiency is helping us in resolving these and other upcoming challenges," continued Ginex.


Hibob was worked with the arrangement that the universe of work is evolving. The organization's conviction that the intricacy of the present human asset the executives goes a long ways past the requirements of a 'arrangement of records' and requires a 'arrangement of commitment', prompted the making of Hibob's customized, comprehensive and information driven way to deal with individuals the board. Accessible now to weave customers and new clients, Hibob's worldwide compensation the board arrangement is an additional layer to the HR stage's abilities customized explicitly to moderate sized organizations requiring a modernized way to deal with following compensation and compensation.

"Especially in today's constantly changing work landscape governed by the presence of new hires, salary increases for tenured employees, or even pay cuts, this new capability will provide our clients with the opportunity to collaborate and track compensation in a single, intuitive platform. Hibob is thrilled to bring this innovation to the market to help our clients navigate their planning in a clear and cohesive manner," Zehavi concluded.

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