Market Competitiveness:
I need software that allows me to market-price jobs with competitive salary survey data so that I am able to attract and retain top talent with:
- Step-by-step job evaluation system
- Trusted salary data
- Salary grades and ranges
Equal Pay:
I need software that allows me to identify equal pay for equal work and wage compression blind spots with:
- External market data
- Internal salary range benchmarking
- Expert compensation consultants
Market Adjustments:
I need software that automatically evaluates and structures my organizations pay based on internal salary parity and external labor market parity with:
- Simplified benchmarking
- Job matching
- Compensation consulting expertise
Merit Pay Modeling:
I need software that allows me to model out various merit pay possibilities based on performance and/or compa-ratio with:
- Modeling of financial impact to the budget
- Merit plan allocation to managers
- Automated merit and bonus approvals
Pay for Performance:
I need software that allows me to identify flight risks, engage my top performers and make rewards more meaningful with:
- Analytics to identify high-performers and flight risks
- Merit plans that recognize contributions
- Discretionary merit options
Automation:
I need cloud-based compensation software that can confidently replace current error-prone spreadsheets and manual processes used to support our compensation practices with:
- Job evaluation and benchmarking
- Automated merit scenario planning
- Annual salary updates