Comp management is about more than the initial salary offer. You also have to plan for regular pay raises to keep up with inflation, reward performance, and adjust to the changing market, all while maintaining pay equity.
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 equity-all in one place.
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 customizable workflows, HR can directly and seamlessly interact with managers on pay increases to maximize 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 organization.
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 evolving features to our suite of compensation management software, Payscale offers increased functionality to monitor internal pay equity at the same time as recommending raises for high-performing employees.
Learn more about pay equityPayscale has managed service teams with compensation consultants to help you get the most from your compensation software
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Ask how our compensation software with compensation planning and pay equity management tools for the pay increase cycle can help you get pay right. Fill out our form to request a demo.