The Eralys-HR solution is ready to be used for the banks that must be prepared to be in accordance with the new rules issued by the Basel Commitee related to performance bonuses.
At 27th of december 2010, the Basel Committee issues his new provisions in favor of greater transparency on the part of banks, with new measures relating to pay.
These provisions inside a package known as "Basel III " ask banks to justify how they manage the allocation of compensation, especially related to performance bonuses.
Banks must indicate how they implement the new provisions, especially the new rules on calculation of performance bonuses and bonus payment smoothed over several years and how they will ensure their proper application.
Eralys-RH-4 solution with Variable Pay and Individual Measures modules precisely manages the performance bonuses and incorporates time management, historical. It treats all types of employees : Managing Director, Management, single employee.