Pequity’s Post

Effective communication is the lifeline of compensation. Here are the two crucial types of communications #comp teams can't do without: 💸 Compensation Change Letters 💸: You might have heard them as merit statements or reward letters. These come into play after compensation changes, like at the close of a compensation cycle. Even in at-will employment states, legal requirements mandate that employees be informed about pay changes. 💰Compensation Overviews💰 : Sometimes dubbed employee portals or compensation statements, these are the channels that keep employees in the loop about their compensation on an ongoing basis. They can even dive into the nitty-gritty of benefits and equity, although they aren't legally required. Crafting and disseminating these communications can be a time-consuming process, often taking HR teams weeks or months. But here's where the magic happens: Pequity. 🌟 We've worked hard to allow HR teams to seamlessly integrate your HR tech stack, make necessary edits or additions directly within Pequity's platform, so that you can generate both of these communications effortlessly in mere seconds. Our goal is to optimize the process for greater accuracy and consistency for your employees and team 📊💼 Want to dive deeper? Reach out to the team or check out the details here: https://lnkd.in/eMGCgTY8 #CompensationCommunication #HRtech #SimplifyCompensation #Pequity #comp #comptech #hr #humanresources #compensation #software #hrtech #hrinnovation #innovation #learn #employeeeducation #education #communication #legal #data #realtime #integrations #learninganddeveloment

📣 Another month, another new product announcement! Communicating pay to employees in a way that's easy to understand is critical for compensation and HR teams, but until today there hasn't been a great solution. That's why we're excited to announce Pequity's new Total Compensation Overview and Employee Portal! These new tools make it easy to communicate the value of cash, equity, and benefits to employees in one simple and secure portal. #compensation #comptech #comp #totalcompensation #humanresources #hrsoftware #software #technology #compensationplanning #compenstionsoftware #compensationmanagement https://lnkd.in/gzhxiMfr

#compensationandbenefits #compensationplanning What is your preferred analytical approach to developing an equitable and effective compensation plan for your teams? Robert Griffard and Geoffrey Griffard explore the Range Ratio method, a sophisticated and invaluable tool for transforming compensation frameworks and enhancing employee contentment. HumanResources.Pro

Have you heard the news? 🎉 We recently launched Smart Compensation, a new product designed to simplify the complex compensation planning process into an easy-to-use, data-driven approach that empowers managers like never before 📊💰 Read all about it in Employer News - HR and Business News for UK Employers 👇 #compensation #compensationmanagement #salary #peopleanalytics

Curious about becoming an employee compensation consulting using the turnkey system from Compensation $ense but not sure what you’ll get in return for your investment? Well, for starters, you’ll get professional admin tools and standard operating procedures designed to accelerate the operation of your consulting practice. Beyond that solid foundation, to help you serve clients day after day, you’ll get dozens and dozens of professional templates, documents, and best practice resources in 4 modules: Base Pay Programs, Market Benchmarking, Executive Benchmarking, and Bonus/Incentive Compensation. These tools have been developed based on current best practices and decades of experience in the employee compensation consulting space. At Compensation $ense, we’ve done the heavy lifting to make it super easy to launch your employee compensation consulting business. Want to learn more? Click here: https://lnkd.in/g-kzBcez and then contact us at 317.589.8529. #EmployeeCompensation #CompensationConsulting #CompensationSense [NOTE: The Compensation Sense opportunity is not currently available for consulting practices serving clients in the state of Indiana.]

Compensation experts and people managers! What is your preferred analytical approach to developing an equitable and effective compensation plan for your teams? In our latest blog, our resident experts, Robert Griffard and Geoffrey Griffard, dive into the Range Ratio method, a nuanced and valuable tool for reshaping pay structures and fostering employee satisfaction. Beyond the conventional midpoint fixation, you'll discover how this approach enables you to align pay in a more effective and accurate way with employee qualifications and performance. From insightful geographic pay analysis to creating a transparent compensation culture, they unravel the potential of Range Ratio in redefining your Compensation Philosophy. 🚀 #CompensationInsights #MarketAlignment #HRInnovation #hr #hrconsultants #hrconsulting #compensation #companalysis https://lnkd.in/gPJCzUsu

Don't sleep on our combination of Merit Statements + Employee Compensation Overviews. Education and communication is the key to scale your #compensation programs for success and we're here to help! #comp #comptech #Hr #HrInnovation #innovation #tech #software #employeeeducation #hrtech

𝗧𝗵𝗲 𝗪𝗶𝘇𝗮𝗿𝗱𝘀 𝗕𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝗖𝘂𝗿𝘁𝗮𝗶𝗻! How was the Compensation Sense turnkey Employee Compensation Consulting system created? It wasn’t with a snap of the fingers, nor was it the work of a wizard manipulating controls behind a curtain. You see, the comprehensive tools and resources that can be yours as part of the Compensation Sense opportunity are the result of decades of dedication to the field of employee compensation both at the corporate level and in the consulting space – and THEN bringing it all together into well-designed and easy-to-use modules YOU can use to serve clients starting DAY ONE! But again, maybe you wonder just WHO are the experts behind Compensation Sense… Well, look no further than Total Reward Solutions! Since 2005, TRS has been the Trusted Partner scores of clients in dozens of industries have turned to for employee compensation solutions. Across that broad client landscape, Total Reward Solutions has designed and delivered competitive compensation and total reward programs that attract, retain, and motivate talent. Now, with Compensation Sense, TRS delivers the full suite of tools and resources you need to launch YOUR employee compensation consulting practice. Powered by Total Reward Solutions, Compensation Sense empowers YOU to supercharge your own experience and professionalism by leveraging the additional decades of experience and proven systems of TRS, its Founder and CEO Cassandra Faurote, and other key team members. (Come to think of it, maybe they ARE wizards after all!) Watch our intro video and learn more about how Compensation Sense can empower you to jump start your brighter future here: https://lnkd.in/g-kzBcez #EmployeeCompensation #CompensationConsulting #CompensationSense [NOTE: The Compensation Sense opportunity is not currently available for consulting practices serving clients in the state of Indiana.]

Streamline Employee Compensation Management with e-compensate: In today's dynamic business landscape, managing employee compensation effectively is crucial for attracting, retaining, and motivating top talent. However, manual compensation processes can be time-consuming, error-prone, and lack the necessary transparency to foster a culture of fairness and equity. Introducing e-compensate, a revolutionary technology solution from Awesome Technologies designed to streamline and optimize employee compensation management. e-compensate is a cloud-based platform that empowers businesses to automate and centralize their entire compensation management process, from job structure creation to performance reviews and bonus payouts. With its intuitive interface and powerful features, e-compensate helps you: Establish clear and transparent compensation structures: Define compensation ranges, salary grades, and bonus plans, ensuring consistency and fairness across the organization. Simplify salary reviews and performance evaluations: Streamline the review process with automated reminders, online forms, and integrated workflows, ensuring timely and effective evaluations. Manage bonus calculations and payouts: Automate bonus calculations based on pre-defined criteria, eliminate manual calculations, and simplify bonus payouts. Gain real-time visibility into compensation data: Access real-time data on compensation trends, identify potential pay gaps, and make informed decisions to optimize your compensation strategy. Enhance employee satisfaction: Provide employees with self-service access to their compensation information, fostering transparency and building trust. Key Benefits of e-compensate: Reduced administrative burden: Automate manual tasks, freeing up HR professionals to focus on strategic initiatives. Improved accuracy and consistency: Eliminate errors and ensure consistency in compensation practices. Enhanced transparency and fairness: Foster a culture of transparency and equity by providing clear and accessible compensation information. Data-driven decision-making: Gain insights from real-time compensation data to make informed decisions and optimize your compensation strategy. Increased employee satisfaction: Empower employees with self-service access to their compensation information, boosting satisfaction and engagement. e-compensate is the ideal solution for businesses seeking to streamline their compensation management processes, enhance transparency, and foster a culture of fairness and employee satisfaction. With e-compensate, you can empower your HR team, engage your employees, and make data-driven decisions to optimize your compensation strategy and drive organizational success. #e-compensate #CompensationManagement #HRTechnology #EmployeeEngagement #DataDrivenDecisionMaking