LaborIQ® Software Announces Next-Generation Compensation Analytics Solution
Built for HR teams and business leaders, LaborIQ's Pay Analysis combines internal workforce pay data with LaborIQ's compensation benchmarks to provide a centralized view of how employees, departments, locations, and their pay, align to market and to organizational compensation strategy.
The launch reflects growing pressure on organizations to make budget-minded, fair, and more defensible compensation decisions amid ongoing labor market volatility.
"Compensation is strategic and has become more complex in recent years," said
Pay Analysis enables organizations to:
- Identify employees, teams, and departments that are at, above, or below market pay
- Evaluate compensation alignment across locations and departments
- Know the cost to correct pay gaps using current workforce data
- Support compensation planning and budget conversations with data-backed insights
- Share executive-ready reporting and analysis with a simple click
"Labor market uncertainty has raised the stakes on every compensation decision," said
Pay Analysis expands LaborIQ's broader compensation management platform, enabling organizations to make better informed workforce and compensation decisions using current compensation and labor market data. Now, advanced technologies help create efficient workforce planning. Pay Analysis creates a dynamic and connected compensation analysis experience.
For more information, review the Pay Analysis product page at LaborIQ.co.
Experience the difference that validated compensation data makes for an organization with LaborIQ's Free Trial.
About LaborIQ
LaborIQ is a compensation data & workforce planning software platform, assisting HR, finance, and talent leaders with confident pay decisions, better time management, and operational excellence. The platform provides real-time, market-validated pay data so organizations can confidently price jobs, manage pay equity, and make defensible compensation decisions.
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SOURCE LaborIQ Software
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