Comp management is about more than the initial salary offer. You also have to plan for regular pay rises to keep up with inflation, reward performance and adjust to the changing market, all while maintaining pay equality.
With Payscale, you get continuous access to fresh salary data on how the market has changed, the ability to review employee performance alongside merit increases, and AI-powered tools and templates to model how pay increases will impact salary budgets and pay equality.
Payscale's compensation planning software streamlines how you share information with managers about salary data and budgets, collaborate on recommendations for pay raises both in and out of the pay increase cycle, and obtain approvals to get pay right.
With customisable workflows, HR can directly and seamlessly interact with managers on pay increases to maximise salary budgets, reward performance and ensure fair pay for team members.
By inviting people managers to be part of the pay increase process, you enable stronger pay communications between employees and their managers and build trust in HR across the organisation.
Payscale software sends notifications, enables chat, records change history and manages permissions so you can focus less on administrative tasks and more on getting pay right.
Payscale wants to help you take compensation planning and the pay increase cycle a step further. With the evolving features of our compensation management software suite, Payscale offers increased functionality to monitor internal pay equality at the same time as recommending raises for high-performing employees.
Learn more about equal pay featuresPayscale has managed service teams with compensation consultants to help you get the most from your compensation software
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This whitepaper looks at which HR jobs are the fastest growing by wages as well as which jobs in HR are the highest paid overall (excluding executive leadership) and what skills and certifications contribute the most to pay.
Gain the answers to these questions and more in Payscale’s special 90 minute panel: Addressing and Controlling Pay Compression.
Join Payscale’s Senior Corporate Attorney, Lulu Seikaly and Director of Social Impact, Vicky Peakman as they discuss emerging pay transparency legislation, cover best practices on publishing salary ranges, and discuss how Payscale solutions can help you remain compliant.