Compare Compensation Cost

This feature of Keka allows you to compare and assess the organization's compensation costs. It provides a detailed understanding of the expenses incurred, enabling the organization to observe and implement necessary changes for financial stability. The comparisons are based on three categories: Business Units, Locations, and Departments, giving you the flexibility to choose any of these categories for your comparison analysis.

Note: When selecting a criterion for comparison, such as Business Units, you can only make comparisons among business units. It's not possible to compare them with locations or departments using this specific criterion.

To begin with, set the Financial Year and Currency by clicking on the drop down.

Choose a category for your comparison, let us take an example of Locations as category for the comparison.

Click on Location(1) and then select Primary Location(2) and Secondary Location(3), for secondary location you can make two selections allowing you to compare three locations simultaneously.

After adding the locations, the data will be represented in the form of a table which will enable the you to view and compare it simultaneously.

In this table, you will find detailed data about the number of employees and their genders at different locations. Right next to it, there is a pie chart showing the planned compensation costs for the current year. You can easily access monthly average statistics by clicking on the option View Monthly Avg. It also provides a comparison between the planned and actual costs, along with its variance. At the end, you can see the number of departments operating in each location.

You can conduct comparisons between different business units and departments within your organization in a similar way.

We hope you now have a good understanding of how to compare compensation costs across different business units, locations and departments within your organisation.