Compensation Management System and Method
A computer-implemented method, computer program product and computing system for: defining a performance-based income adjustment program for one or more performance-based employees within an automotive space; monitoring performance information for the one or more performance-based employees with respect to the performance-based income adjustment program to determine if the one or more performance-based employees qualifies for a performance-based income adjustment associated with the performance-based income adjustment program; and adjusting the compensation of the one or more performance-based employees to reflect the performance-based income adjustment.
1 . A compensation management method, executed on a computing device, comprising:
defining a performance-based income adjustment program for one or more performance-based employees within an automotive space;
monitoring performance information for the one or more performance-based employees with respect to the performance-based income adjustment program to determine if the one or more performance-based employees qualifies for a performance-based income adjustment associated with the performance-based income adjustment program; and
adjusting the compensation of the one or more performance-based employees to reflect the performance-based income adjustment.
2 . The compensation management method of claim 1 wherein the performance-based income adjustment is an upward income adjustment.
3 . The compensation management method of claim 1 wherein the performance-based income adjustment is a downward income adjustment.
4 . The compensation management method of claim 1 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.
5 . The compensation management method of claim 1 wherein the 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.
6 . The compensation management method of claim 1 wherein the performance-based income adjustment includes a cash-based income adjustment.
7 . The compensation management method of claim 1 wherein the performance-based income adjustment includes a paperless income adjustment.
8 . The compensation management method of claim 1 wherein the performance-based income adjustment program is sponsored by an automotive dealership.
9 . The compensation management method of claim 1 wherein the performance-based income adjustment program is sponsored by an automotive manufacturer.
10 . The compensation management method of claim 1 further comprising:
rendering a user interface that defines the status of the performance-based income adjustment program.
11 . The compensation management method of claim 10 wherein the status of the performance-based income adjustment program includes one or more of:
a starting date of the performance-based income adjustment program;
an ending date of the performance-based income adjustment program;
a quantity of income adjustments already distributed;
a quantity of income adjustments still available;
recipients of any distributed income adjustments; and
a sponsor of the performance-based income adjustment program.
12 . The compensation management method of claim 10 wherein the user interface is configured to be accessible by the one or more performance-based employees.
13 . The compensation management method of claim 10 wherein the user interface is configured to define the status of one or more additional performance-based income adjustment programs.
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:
defining a performance-based income adjustment program for one or more performance-based employees within an automotive space;
monitoring performance information for the one or more performance-based employees with respect to the performance-based income adjustment program to determine if the one or more performance-based employees qualifies for a performance-based income adjustment associated with the performance-based income adjustment program; and
adjusting the compensation of the one or more performance-based employees to reflect the performance-based income adjustment.
15 . The computer program product of claim 14 wherein the performance-based income adjustment is an upward income adjustment.
16 . The computer program product of claim 14 wherein the performance-based income adjustment is a downward income adjustment.
17 . The computer program product of claim 14 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.
18 . The computer program product of claim 14 wherein the 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.
19 . The computer program product of claim 14 wherein the performance-based income adjustment includes a cash-based income adjustment.
20 . The computer program product of claim 14 wherein the performance-based income adjustment includes a paperless income adjustment.
21 . The computer program product of claim 14 wherein the performance-based income adjustment program is sponsored by an automotive dealership.
22 . The computer program product of claim 14 wherein the performance-based income adjustment program is sponsored by an automotive manufacturer.
23 . The computer program product of claim 14 further comprising:
rendering a user interface that defines the status of the performance-based income adjustment program.
24 . The computer program product of claim 23 wherein the status of the performance-based income adjustment program includes one or more of:
a starting date of the performance-based income adjustment program;
an ending date of the performance-based income adjustment program;
a quantity of income adjustments already distributed;
a quantity of income adjustments still available;
recipients of any distributed income adjustments; and
a sponsor of the performance-based income adjustment program.
25 . The computer program product of claim 23 wherein the user interface is configured to be accessible by the one or more performance-based employees.
26 . The computer program product of claim 23 wherein the user interface is configured to define the status of one or more additional performance-based income adjustment programs.
27 . A computing system including a processor and memory configured to perform operations comprising:
defining a performance-based income adjustment program for one or more performance-based employees within an automotive space;
monitoring performance information for the one or more performance-based employees with respect to the performance-based income adjustment program to determine if the one or more performance-based employees qualifies for a performance-based income adjustment associated with the performance-based income adjustment program; and
adjusting the compensation of the one or more performance-based employees to reflect the performance-based income adjustment.
28 . The computing system of claim 27 wherein the performance-based income adjustment is an upward income adjustment.
29 . The computing system of claim 27 wherein the performance-based income adjustment is a downward income adjustment.
30 . The computing system of claim 27 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.
31 . The computing system of claim 27 wherein the 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.
32 . The computing system of claim 27 wherein the performance-based income adjustment includes a cash-based income adjustment.
33 . The computing system of claim 27 wherein the performance-based income adjustment includes a paperless income adjustment.
34 . The computing system of claim 27 wherein the performance-based income adjustment program is sponsored by an automotive dealership.
35 . The computing system of claim 27 wherein the performance-based income adjustment program is sponsored by an automotive manufacturer.
36 . The computing system of claim 27 further comprising:
rendering a user interface that defines the status of the performance-based income adjustment program.
37 . The computing system of claim 36 wherein the status of the performance-based income adjustment program includes one or more of:
a starting date of the performance-based income adjustment program;
an ending date of the performance-based income adjustment program;
a quantity of income adjustments already distributed;
a quantity of income adjustments still available;
recipients of any distributed income adjustments; and
a sponsor of the performance-based income adjustment program.
38 . The computing system of claim 36 wherein the user interface is configured to be accessible by the one or more performance-based employees.
39 . The computing system of claim 36 wherein the user interface is configured to define the status of one or more additional performance-based income adjustment programs.