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Month: December 2022

Announcements

Lattice’s 2022 in Review

December 22, 2022 — By Lattice Team

It’s time to turn the page on a challenging year. By any stretch, the past twelve months haven’t been easy. A cost of living crisis, recession fears, and geopolitical conflict have weighed heavily on employees’ minds — and yours. But at the same time, we witnessed the world turn a corner after the pandemic with a newfound appreciation for the relationships that mattered and the traditions that were missed.

We can’t call it a return to normalcy. But as we reflect on the state of the workplace, we also can’t help but feel optimistic for the future. Employees who may have felt professionally stuck are once again having meaningful career conversations with their managers. Teams are developing new norms to enable collaboration and alignment regardless of location, and businesses are realizing that driving performance starts with investing in your people.

We feel privileged to support over 4,500 workplaces in making work a more meaningful, shared experience. As we close out another unforgettable year, we can’t help but reflect on the important milestones our users reached in 2022. Every one-on-one, goal set, or piece of feedback represent an impactful moment for an employee or manager. Here’s a snapshot of what we accomplished together: 

In the past 12 months, Lattice users have... Submitted 2,823,432 reviews. Completed 3,333,980 one-on-ones. Shared 834,481 pieces of feedback. Created 2,407,750 goals. Created 84,821 individual development plans (IDPs).

These milestones mean a lot for Lattice, mostly because they remind us why we’re in the business of people. Our mission has always been about empowering humans to build meaningful connections at work, and we look forward to doing this even more in 2023.

Happy New Year from all of us at Lattice!

lattice mercer
Announcements

Introducing Lattice Compensation Benchmarking Powered by Mercer

December 1, 2022 — By Lattice Team

When it comes to making smart compensation decisions, companies and HR teams often have a tough time getting access to the one thing that would help them make those decisions with more certainty — reliable compensation data. But without access to that data, companies may be referencing unreliable sources, leading to major issues that could impact how companies are compensating employees competitively, equitably, and fairly.

Today, Lattice is helping thousands of customers gain access to that critical data with the launch of Lattice Compensation Benchmarking Powered by Mercer now available through our Lattice Compensation product. Mercer is a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercer’s data is integrated directly into the Lattice Compensation tool, giving teams everything they need to develop and execute smarter pay policy all in one place. And Mercer Compensation Benchmarking offers companies of all sizes the opportunity to tap into global, curated data based on their specific parameters, which include company size, industry, geographical location, and specific job titles, to make informed and equitable pay decisions.

Lattice Compensation connects performance and compensation to drive more effective strategy and transparency around pay decisions that can have a critical impact on both talent management and retention. With the addition of Lattice Compensation Benchmarking Powered by Mercer, Lattice customers gain access to necessary data in a user-friendly experience, offering new levels of efficiency, clarity, and ease to a historically complex, error-prone, and labor-intensive process for HR teams.

“In today’s dynamic talent environment, companies need access to fresh,  well-sourced and trusted benchmark data to inform compensation planning and policies,” said Michael Anderson, Workforce Analytics, Global Career Product Leader, Mercer.  “Getting pay right is essential to being considered by top talent and to retain current employees.  Lattice Compensation Benchmarking Powered by Mercer ensures that companies have access to trusted benchmark data when, where, and how it’s needed for data-informed compensation decisions.”

“The talent landscape is quickly evolving and HR leaders need to stay ahead of the ball to attract and retain top talent,” said Dave Carhart, VP of Lattice’s Advisory Services. “An effective compensation strategy is such a critical driver of employee retention and engagement, and the trends around distributed work and pay transparency alongside market shifts are only adding complexity to an already challenging process. Lattice Compensation Benchmarking Powered by Mercer enables companies of all sizes to build data-informed insights to make employee-centric pay strategies.”

To learn more, check out the details on Lattice’s Compensation’s page. And to learn more about how the Lattice Compensation can help your company make data-driven compensation decisions or to get more information on the full Lattice People Success Platform, schedule a demo from our team.