NEW YORK, Sept. 30, 2020 — ChartHop, the world’s first organizational management platform built to help companies plan for the future, announced today new compensation planning features to help businesses design more fair, secure and streamlined compensation reviews for employees. After beta testing with customers for months, the compensation planning features are generally available now to help organizations centralize data and automate information distribution across the organization, define smart eligibility rules and budgets, streamline approval workflows, and identify inequalities before they go into effect.
“Compensation planning has always been a grueling and tedious process. HR spends weeks stringing together spreadsheets that are then shared with managers, and managers would propose compensation changes that weren’t always backed by data. It’s a process that’s historically been susceptible to biases and security risks,” said Ian White, founder, CEO and CTO of ChartHop. “ChartHop’s compensation planning features help rid the anxiety and inaccuracies usually dealt with during this time by replacing traditional processes with speed, clarity, automation – and, most importantly – a holistic understanding of how these proposed changes will affect your organization at large.”
ChartHop makes the burdensome compensation review process a thing of the past by automating manual tasks and implementing access control solutions so sensitive employee data doesn’t fall into the wrong hands. With ChartHop, managers can make data-driven compensation recommendations and ensure proposals are approved with the right context, significantly streamlining the process. ChartHop’s new tool also empowers HR leaders to champion workforce equality by ensuring all employees are paid fairly, biased raises don’t introduce inequalities, and compensation decisions are in sync with performance reviews. The latest compensation planning features include:
Compensation planning is difficult on any scale, but for a company like Peloton, which has more than 3,600 global employees, this process can be extremely challenging.
“Before ChartHop, our compensation planning would have been completely manual using spreadsheets,” said Ray Anderson, Senior Director, People Systems & Analytics at Peloton. “Using ChartHop, we completed our global compensation review in just three weeks, all while in the midst of a major product launch. This was the first time we were able to provide a secure, standardized, and integrated tool for managers and leaders to plan and view their team members’ information in aggregate.”
ChartHop is dedicated to helping businesses create inclusive and equitable workplaces. In August, the company also announced its Diversity, Equality and Inclusion offering, which helps companies build a strong foundation rooted in equality by visualizing team composition, compensation, new hires, performance reviews, and more, across any dimension, such as gender, race/ethnicity, veteran status, sexual orientation. ChartHop’s compensation planning features are part of ChartHop Scale and ChartHop Enterprise. For more details, please visit www.charthop.com/compensation/.
About ChartHop
ChartHop is the world’s first organizational management platform empowering leaders and team members alike to see the past and present of their organization and design its future. The platform automatically builds fluid, data-driven views of a company through real-time updated org charts, custom reporting, and headcount planning tools that boost efficiency and transparency across teams. Simply put — ChartHop makes organizations run and scale better. ChartHop plays well with 20 plus platforms, including BambooHR, Carta, Greenhouse, Lever, SAP SuccessFactors, Slack, Okta, Ultimate Software and Workday, and companies like BetterCloud, Lightspeed, Starburst, Thrasio and InVision rely on the platform. ChartHop was founded in 2018 by Ian White. Hop on over to ChartHop.com to learn more and follow our tracks via Twitter and LinkedIn.