COMPENSATION MANAGEMENT SYSTEM AND METHOD
A computer-implemented method, computer program product and computing system for: obtaining performance information for each of a plurality of performance-based employees of a business entity; ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of the plurality of performance-based employees to define a ranked list of performance-based employees; and publishing at least a portion of the ranked list of performance-based employees.
Concept #6
1 . A compensation management method, executed on a computing device, comprising:
obtaining performance information for each of a plurality of performance-based employees of a business entity;
ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of the plurality of performance-based employees to define a ranked list of performance-based employees; and
publishing at least a portion of the ranked list of performance-based employees.
2 . The compensation management method of claim 1 further comprising:
identifying a compensation plan for a specific performance-based employee.
3 . The compensation management method of claim 2 further comprising:
calculating compensation information for the specific performance-based employee based, at least in part, upon the compensation plan for the specific performance-based employee to position the specific performance-based employee within the ranked list of performance-based employees.
4 . The compensation management method of claim 1 wherein ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of a plurality of performance-based employees to define a ranked list of performance-based employees includes:
ranking the plurality of performance-based employees based, at least in part, upon compensation information calculated for each of the plurality of performance-based employees to define the ranked list of performance-based employees.
5 . The compensation management method of claim 1 wherein the business entity is a business entity in the automotive space.
6 . The compensation management method of claim 5 wherein the automotive space includes one or more of:
an automotive sales space;
an automotive service space;
an automotive body shop space;
an automotive finance & insurance space;
an automotive administrative space;
an automotive franchisor space; and
an automotive parts space.
7 . The compensation management method of claim 1 wherein the plurality of performance-based employees is a plurality of performance-based sellers of products.
8 . The compensation management method of claim 1 wherein the plurality of performance-based employees is a plurality of performance-based sellers of services.
9 . The compensation management method of claim 1 wherein the performance information includes sales performance information.
10 . The compensation management method of claim 9 wherein the sales performance information is obtained from one or more of:
a customer relationship management platform,
an inventory management platform,
an accounting platform,
a proprietary data feed,
a proprietary data file,
a proprietary datastore,
manually-entered data, and
a dealership management platform.
11 . The compensation management method of claim 1 wherein the performance information includes supplemental performance information.
12 . The compensation management method of claim 11 wherein the supplemental performance information is obtained from one or more of:
a social media platform;
an external rating platform;
an internal rating platform;
an inventory management platform;
a human resource management platform;
a proprietary data feed;
a proprietary data file;
a proprietary datastore;
manually-entered data; and
a business analytics platform.
13 . The compensation management method of claim 11 wherein the supplemental performance information includes one or more of:
an inventory age indicator;
a minimum wage indicator;
an hours worked indicator;
an employment history indicator;
a customer feedback indicator;
an economic indicator;
a team rating indicator;
an individual rating indicator; and
an organization rating indicator.
14 . A computer program product residing on a computer readable medium having a plurality of instructions stored thereon which, when executed by a processor, cause the processor to perform operations comprising:
obtaining performance information for each of a plurality of performance-based employees of a business entity;
ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of the plurality of performance-based employees to define a ranked list of performance-based employees; and
publishing at least a portion of the ranked list of performance-based employees.
15 . The computer program product of claim 14 further comprising:
identifying a compensation plan for a specific performance-based employee.
16 . The computer program product of claim 15 further comprising:
calculating compensation information for the specific performance-based employee based, at least in part, upon the compensation plan for the specific performance-based employee to position the specific performance-based employee within the ranked list of performance-based employees.
17 . The computer program product of claim 14 wherein ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of a plurality of performance-based employees to define a ranked list of performance-based employees includes:
ranking the plurality of performance-based employees based, at least in part, upon compensation information calculated for each of the plurality of performance-based employees to define the ranked list of performance-based employees.
18 . The computer program product of claim 14 wherein the business entity is a business entity in the automotive space.
19 . The computer program product of claim 18 wherein the automotive space includes one or more of:
an automotive sales space;
an automotive service space;
an automotive body shop space;
an automotive finance & insurance space;
an automotive administrative space;
an automotive franchisor space; and
an automotive parts space.
20 . The computer program product of claim 14 wherein the plurality of performance-based employees is a plurality of performance-based sellers of products.
21 . The computer program product of claim 14 wherein the plurality of performance-based employees is a plurality of performance-based sellers of services.
22 . The computer program product of claim 14 wherein the performance information includes sales performance information.
23 . The computer program product of claim 22 wherein the sales performance information is obtained from one or more of:
a customer relationship management platform,
an inventory management platform,
an accounting platform,
a proprietary data feed,
a proprietary data file,
a proprietary datastore,
manually-entered data, and
a dealership management platform.
24 . The computer program product of claim 14 wherein the performance information includes supplemental performance information.
25 . The computer program product of claim 24 wherein the supplemental performance information is obtained from one or more of:
a social media platform;
an external rating platform;
an internal rating platform;
an inventory management platform;
a human resource management platform;
a proprietary data feed;
a proprietary data file;
a proprietary datastore;
manually-entered data; and
a business analytics platform.
26 . The computer program product of claim 24 wherein the supplemental performance information includes one or more of:
an inventory age indicator;
a minimum wage indicator;
an hours worked indicator;
an employment history indicator;
a customer feedback indicator;
an economic indicator;
a team rating indicator;
an individual rating indicator; and
an organization rating indicator.
27 . A computing system including a processor and memory configured to perform operations comprising:
obtaining performance information for each of a plurality of performance-based employees of a business entity;
ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of the plurality of performance-based employees to define a ranked list of performance-based employees; and
publishing at least a portion of the ranked list of performance-based employees.
28 . The computing system of claim 27 further comprising:
identifying a compensation plan for a specific performance-based employee.
29 . The computing system of claim 28 further comprising:
calculating compensation information for the specific performance-based employee based, at least in part, upon the compensation plan for the specific performance-based employee to position the specific performance-based employee within the ranked list of performance-based employees.
30 . The computing system of claim 27 wherein ranking the plurality of performance-based employees based, at least in part, upon the performance information for each of a plurality of performance-based employees to define a ranked list of performance-based employees includes:
ranking the plurality of performance-based employees based, at least in part, upon compensation information calculated for each of the plurality of performance-based employees to define the ranked list of performance-based employees.
31 . The computing system of claim 27 wherein the business entity is a business entity in the automotive space.
32 . The computing system of claim 31 wherein the automotive space includes one or more of:
an automotive sales space;
an automotive service space;
an automotive body shop space;
an automotive finance & insurance space;
an automotive administrative space;
an automotive franchisor space; and
an automotive parts space.
33 . The computing system of claim 27 wherein the plurality of performance-based employees is a plurality of performance-based sellers of products.
34 . The computing system of claim 27 wherein the plurality of performance-based employees is a plurality of performance-based sellers of services.
35 . The computing system of claim 27 wherein the performance information includes sales performance information.
36 . The computing system of claim 35 wherein the sales performance information is obtained from one or more of:
a customer relationship management platform,
an inventory management platform,
an accounting platform,
a proprietary data feed,
a proprietary data file,
a proprietary datastore,
manually-entered data, and
a dealership management platform.
37 . The computing system of claim 27 wherein the performance information includes supplemental performance information.
38 . The computing system of claim 37 wherein the supplemental performance information is obtained from one or more of:
a social media platform;
an external rating platform;
an internal rating platform;
an inventory management platform;
a human resource management platform;
a proprietary data feed;
a proprietary data file;
a proprietary datastore;
manually-entered data; and
a business analytics platform.
39 . The computing system of claim 37 wherein the supplemental performance information includes one or more of:
an inventory age indicator;
a minimum wage indicator;
an hours worked indicator;
an employment history indicator;
a customer feedback indicator;
an economic indicator;
a team rating indicator;
an individual rating indicator; and
an organization rating indicator.