Make confident compensation decisions
Maximize your compensation budget and ensure fairness with integrated analytics and reporting.
Inform your pay bands with global benchmarks
Leverage best-in-class compensation benchmarks to make fair, informed compensation decisions that maximize your budget when hiring new talent or adjusting employee pay.
Stay in budget with real-time cycle spend analytics
During the compensation cycle, cycle admins and approvers have access to real-time analytics to see how they are pacing on spend vs. budget.
Ensure your budget is distributed fairly and effectively
You can check in at any point before, during, or after your cycle to see how your compensation spend is allocated across different employee groups or compares to the compa-ratio.
Frequently Asked Questions
What is Compensation Analytics & Reporting Software?
Compensation Analytics & Reporting Software integrates compensation data with analytics to help organizations make informed pay decisions, ensuring budget maximization and fairness across compensation cycles.
How does Lattice's Compensation Analytics assist in budget management?
During compensation cycles, Lattice provides real-time analytics, allowing administrators and approvers to monitor spending against the budget, ensuring financial targets are met.
Can Lattice's Compensation Analytics help in maintaining pay equity?
Yes, Lattice enables organizations to assess compensation distribution across various employee groups, ensuring equitable and effective budget allocation.
What benchmarking data does Lattice offer for compensation decisions?
Lattice provides access to best-in-class compensation benchmarks, powered by Mercer, allowing organizations to make fair and informed decisions that optimize their budget when hiring new talent or adjusting employee pay.
How does Lattice integrate performance data into compensation decisions?
Lattice connects performance review cycle results with compensation decisions, creating fair and equitable pay outcomes by aligning compensation with employee performance.
Learn more about building a competitive compensation strategy
Your people are your business
Ensure both are successful with Lattice.