Pages - Incentive Management System (IMS)

Incentive Management System (IMS)

PSC created a system called Incentive Management System (IMS). It is built on Microsoft software. This system helps you manage and monitor scholarships, bonuses, and incentives paid to employees as employment commitment incentives.

Many organizations in today’s competitive markets extend scholarships and sign-on bonuses—in exchange for a work commitment – as advantages to encourage key employees to commit to employment with their organization.

Industries Where Incentives Make Sense

Healthcare positions
Engineering positions
Information technology positions
Accounting and finance positions
Geospatial and Geographical Information Systems (GIS) positions

IMS allows you to track taxable benefits paid for employment incentives in exchange for work-off commitment. It automates management of your employment incentive programs. IMS also integrates with your Human Resources Enterprise Resource Planning systems and accounting systems.

IMS provides and reports real-time current balances on deferrals, defaults, and outstanding receivables.

SEE IMS White Paper

The Process Cycle

Track Credit given for time worked; reduces employee liability
Update Employee information is updated in HR enterprise reporting system
Integrate HR enterprise reporting system is integrated into Accounting system – MS tracks the taxable portion
Store IMS information is stored in a location and format that allows ease in retrieval for reports and analysis
Extract Information is extracted from the system to allow drilldown views of the employee incentives
Report Customized output formats supported for improved useable content delivery