Patent ID: 10504065

Abstract:
An employee compensation modeling approach generates a model from a stored template. The model template may include fields for eligibility rules, performance ratings, guidelines, exchange rates, pay ranges, and other information. A modeling engine then populates that model with specific data from a human resources (HR) database, according to the structure of the template. Examples of HR data stored in an underlying database can include employee names, job codes, pay grades, physical job locations, base salaries, and other compensation-relevant information. The resulting compensation model includes a name, a description, target(s), and other information including allocation(s). The compensation model is displayed on an interface configured to receive further user inputs for purposes of model exploration and/or update. In certain embodiments, the HR database may be an in-memory database, with the template and/or engine also being present within the in-memory database in order to leverage its processing power and storage capacity.