We're thrilled to announce our new integrated pay solution, that combines Lattice Compensation and, recently announced, Payroll to create both a strategic and seamless employee pay experience. 

Operational excellence is no longer just a goal for companies — it's a necessity. For HR, it stands as a top priority: Employees account for 70% of a company's expenses, so employee efficiency and productivity are critical for achieving strong business results. This begins with mastering the business fundamentals, and nothing is more fundamental than paying your employees right. That means the tools you choose to run compensation and payroll are important.

Our new integrated pay solution addresses the complexities of modern compensation management while facilitating a seamless payroll experience. Here's how we're revolutionizing the way organizations approach pay-for-performance:

Enhanced Lattice Compensation

We’ve updated our Compensation product to offer greater flexibility and more insights to help power your pay-for-performance strategy. 

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Our new cycle spend analytics offer deeper insights into your compensation budget, enabling you to: 

• Identify and proactively address pay equity risks
• Analyze performance data alongside compensation metrics for fair, merit-based pay decisions
• Benchmark your compensation against industry standards to maintain competitiveness. 

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Additionally, we've introduced flexible budgeting features that allow you to automate budget setup based on various factors, allocate budgets dynamically across teams and departments, and make real-time adjustments as your organization's needs change. 

These enhancements empower you to implement sophisticated pay-for-performance strategies that reward top performers while maintaining overall budget control.

Lattice Payroll: Powered by Gusto

A great strategy is only as good as its execution, and we are excited to introduce Lattice Payroll.

We've partnered with Gusto, one of the most trusted names in payroll, to bring this functionality to Lattice. Each year, Gusto processes tens of billions of dollars in payroll, ensuring 300K+ businesses around the world can run seamless pay cycles every time.

Lattice Payroll seamlessly integrates with our compensation management tools, allowing you to:

• Connect your strategic pay cycles seamlessly into standard pay cycles
• Streamline the entire payroll process, saving time and reducing operational overhead
• Prevent potential payroll errors before they become expensive problems

With Lattice, you can run a performance review, manage a strategic compensation cycle, and have all the changes accurately hit your employees' bank accounts. It includes W-4 onboarding, time tracking, employee payslips, trend reporting, and AI-powered anomaly detection, which will proactively detect potential errors so they can be fixed before they become expensive problems.

We've eliminated unnecessary stress that running payroll often causes — no more side spreadsheets, copying and pasting data, or long email chains.

The Future of Pay

Looking ahead, there are so many ways compensation can continue to improve. Our vision includes using AI to automate budget recommendations, identify potential pay equity inconsistencies, and provide predictive analytics on the impact of various compensation strategies.

With Lattice, you can build a pay-for-performance culture from strategy to execution—all without downloading a spreadsheet or switching tabs. Request a demo to see how your organization can improve its approach to pay conversations to payroll.