Run consistent and fair compensation reviews
Design and implement your comp strategy with everything you need in one place.
Benchmarking
Access exclusive, industry-leading benchmarking data.
Compensation Bands
Create a consistent structure around pay.
Cycle Management
Centralize all your compensation management.
Analytics
Visualize your budget, track progress, and ensure fairness.
Statement Shareouts
Share pay changes with context and clarity.
Take the guesswork out of your pay strategy
Get accurate market benchmarks based on role, level, geography and more to inform your compensation rates. Powered by Mercer.
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Start formalizing your compensation philosophy
Build, edit, visualize, and share your compensation bands to provide clarity and guidance for every role.
Data-driven, centralized compensation cycles
Run organization-wide merit cycles with clear budget tracking, collaboration tools, secure sharing, and all the context you need to make smart and fair decisions.
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Answer all of your compensation questions with integrated analytics
Analytics are baked in every step of the way to help you create and maintain your budget, evaluate fairness across the org, and view trends over time.
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Clearly communicate what went into each pay change
Provide valuable context behind pay decisions through sharable statements that explain adjustments and role-based compensation bands.
Ensure all employees are compensated fairly for their contributions.
Leverage leading market benchmarks, analytics, and performance insights to build compensation bands and guide adjustments. Putting clarity and confidence behind every merit increase.
Streamline your entire compensation cycle process
No more passing around error-prone spreadsheets — customize, collaborate, and manage your entire compensation cycle in one, always up to date, place.
Align your workforce around your compensation strategy
Communicate compensation philosophies, policies, and pay bands across your organization, ensuring consistent and equitable practices.
An integrated pay-for-performance strategy
Reward top talent and achieve your company goals with Lattice’s streamlined platform. Objectively evaluate performance, make data-driven compensation decisions, and implement payroll changes seamlessly all in one place.
Every tool you need to power your strategic HR
See how Compensation connects with the rest of the Lattice platform.
Seamlessly connect performance review cycle results into compensation decisions, creating fair and equitable pay outcomes.
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Make research-backed compensation decisions with data, allowing you to pay your team fairly and competitively.
Learn moreFrequently asked questions
How does Lattice’s compensation management software help HR teams?
Lattice’s compensation management software empowers HR teams with a centralized platform for seamless salary benchmarking, total rewards planning, and performance-driven compensation. It's purpose-built to foster fairness, boost employee satisfaction, and simplify the overall compensation management process.
What are the challenges of using compensation management software?
Challenges may include implementation complexities, data-security concerns, and alignment with company policies. However, with proper training and support (like what you receive with Lattice), these challenges can be effectively addressed.
What’s an example of a compensation management system?
Lattice's compensation management software is a great example. It offers a user-friendly interface, salary benchmarks, and customizable features to meet the unique needs of organizations in managing their compensation processes.
What does compensation management software do?
Compensation management software streamlines the complete compensation lifecycle, handling everything from salary planning to execution. By leveraging data analytics, it empowers informed decision-making, ensures compliance with policies, and provides insights into compensation trends for informed HR strategies.
Why use compensation management software?
Companies use compensation management software to automate and optimize the complex task of managing employee pay. It enhances transparency, accuracy, and efficiency in salary planning, helping organizations attract, retain, and motivate top talent.
What is compensation management software?
Compensation management software is designed to streamline the process of planning, executing, and managing employee compensation. It simplifies salary and benefits administration, ensuring fair and consistent pay practices.
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Your people are your business
Ensure both are successful with Lattice.