Computerized incentive compensation

• US 6,055,511 A
• Filed: 11/30/1998
• Issued: 04/25/2000
• Est. Priority Date: 11/30/1998
• Status: Expired due to Fees

• Current Assignee: Breault Research Organization Inc.
• Original Assignee: Breault Research Organization Inc.
• Inventors: Luebbering, Charles L., Hall, Wayne E.
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Lee, Chinor M.
• Application Number:
  US09/201,265
• Time in Patent Office: 512 Days
• Field of Search: 705/8, 705/9, 705/11, 705/14, 705/32, 705/7, 235/376, 235/378
• US Class Current: 705/14.1
• CPC Class Codes: G06Q 10/063118 Staff planning in a project environment
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/125 Finance or payroll

Abstract

A computer is programmed to implement an incentive compensation plan by obtaining existing data on employees and business activities, evaluating the profitability of the activities, and indicating what amounts should be paid to existing employees based upon criteria defined by management in accordance with existing business conditions.

Claims

1. A method for providing computerized incentive compensation, said method comprising the steps of:

(a) storing data on income and expenses associated with individual projects in a first database;

(b) storing data on employees in a second database;

(c) subtracting expenses from income to produce a balance;

(d) if the balance exceeds a threshold amount, then using the computer to calculate the amount of incentive compensation as a percentage of the balance; and

(e) apportioning the amount of incentive compensation among employees.

2. The method as set forth in claim 1, wherein step (b) includes storing data on employees associated with individual projects and step (d) includes the step of calculating the amount of incentive compensation as a first percentage of the balance and as a second percentage of the balance, wherein the amount of the first percentage is apportioned among employees and the amount of the second percentage is apportioned among the employees associated with individual projects.

3. The method as set forth in claim 2 wherein the first percentage is apportioned according to base salary, as indicated by the information in the second database.

4. A computer system for implementing an incentive compensation plan, said computer system comprising:

at least one programmable computer including a relational, incentive compensation database linked to an accounting database and to a personnel database;

wherein one field in the incentive compensation database stores a threshold of profitability and a second field in the incentive compensation database stores a percentage of profit to produce a compensation pool;

wherein the incentive compensation database combines information from the accounting database and the personnel database to calculate the apportionment of said pool among personnel.

5. The computer system as set forth in claim 4 and further comprising:

a second computer linked to said first computer and storing said accounting database.

6. The computer system as set forth in claim 5 and further comprising:

a third computer linked to said first computer and to said second computer;

said third computer storing said accounting database.