Run streamlined and fair compensation reviews
Reward and motivate your employees by connecting compensation to performance.
Take the guesswork out of your pay strategy
Review free benchmarking data alongside performance insights to make equitable, informed compensation decisions.
Learn moreData-driven, centralized compensation cycles
Run organization-wide merit cycles with clear budget tracking, secure sharing, and all the context you need to make smart and fair decisions.
Connect performance and compensation
Effortlessly integrate performance ratings, benchmarks, and pay guidelines into your compensation process. Put clarity and confidence behind every merit increase.
Retain talent through transparent pay strategies
Compensation helps HR teams make equitable pay decisions and communicate them with context. You'll stay competitive and on budget.
Build a streamlined process with unified data
Replace the unsecure, unreliable task of manually consolidating sensitive performance and pay data. Run dependable, seamless compensation cycles for both decision-makers and employees.
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.
Learn moreMake 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.