Compensation management system and method

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 one or more available compensation plans for performance-based employees within an automotive space;
• enabling a specific performance-based employee to review the one or more available compensation plans and select a specific compensation plan;
• and
• requiring the specific performance-based employee to memorialize their selection of the specific compensation plan.

A computing system including a processor and memory configured to perform operations comprising:

• defining one or more available compensation plans for performance-based employees within an automotive space;
• enabling a specific performance-based employee to review the one or more available compensation plans and select a specific compensation plan;
• and
• requiring the specific performance-based employee to memorialize their selection of the specific compensation plan.