Many organizations must manually generate and synthesize reports from numerous sources to determine if there are compensation imbalances. Sources may include all or some of department, division, region, subsidiary, and country levels. As a result, it is difficult to identify compensation inconsistencies in a timely fashion if at all.
Goals and Objectives
Compensation policies and practices need to treat the workforce fairly. The latter makes good business sense and is mandated in some geographies. Attracting and retaining talent can by hindered by unequitable practices.
This use case is supported by an intelligent compensation management and planning system underpinned by workforce analytics that identify inequities.
Use Case Summary
Sophisticated compensation data analysis and software system together streamline the rapid identification and correction of inequitable compensation practices, Fairness in compensation throughout the enterprise is a critical factor in ensuring employee satisfaction and improving employer reputation to potential job applicants.