Every organization’s greatest asset is its people. It’s the source of a company’s competitive advantage and the bedrock of a good culture. With uncertainty over the economy adding anxiety to employees’ minds, supporting employees with informed and equitable compensation decisions is critical to retaining talent.
Because compensation reviews are unique to every organization, many People and Finance teams rely on spreadsheets to manage this process. However, spreadsheets are prone to error, difficult to distribute to multiple teams, and often lack all the information you need to make judicious compensation decisions.
With these challenges in mind, we are excited to announce the launch of Compensation Reviews, generally available to all customers in Fall 2022.
With this add-on, ChartHop Premium customers can easily configure compensation cycles, visualize the impact of compensation changes, collaborate seamlessly on the entire process, and even sync compensation changes to Workday Adaptive Planning. Yes, that’s right: no more vlookups, no more pivot tables, and no more creating a new spreadsheet with separate data *just* for one department head.
With the launch of Compensation Reviews in ChartHop, you can confidently and easily administer compensation decisions.
Here’s what you can expect when you begin using this new module:
Compensation Reviews shouldn’t be giving you a headache with all the data, information in different places, and number of stakeholders involved. With ChartHop, you can be sure that your managers, executives, and Finance team are all aligned and making equitable decisions for your workforce.
Interested in learning more? Existing customers can reach out to their Customer Success Manager for a tour. Otherwise, request a demo to take a peak.
Sign up for a free demo today.