Lattice Compensation is a robust software-as-a-service (SaaS) solution designed to revolutionize how organizations manage their employee compensation processes. It provides a centralized platform for HR teams and managers to handle various aspects of compensation, from benchmarking and creating pay bands to managing compensation cycles and analyzing pay equity. The software integrates performance data with compensation decisions, ensuring fair and data-driven pay practices while streamlining the entire compensation management workflow.

Key Features

Benchmarking Access to industry-leading compensation data

• Accurate market benchmarks based on role, level, and geography
• Powered by Mercer for reliable insights

Compensation Bands Tools to create and manage pay structures

• Build, edit, and visualize compensation bands
• Provide clarity and guidance for every role

Cycle Management Centralized compensation cycle administration

• Run organization-wide merit cycles
• Clear budget tracking and collaboration tools

Analytics Comprehensive compensation data analysis

• Visualize budgets and track progress
• Ensure fairness across the organization

Statement Shareouts Clear communication of compensation decisions

• Shareable statements explaining pay adjustments
• Inclusion of role-based compensation band information

Benefits

Streamlined Compensation Process Efficient and error-free compensation management

• Eliminates error-prone spreadsheets
• Centralizes all compensation-related tasks in one platform

Data-Driven Decision Making Informed and fair compensation strategies

• Access to market benchmarks and performance data
• Real-time analytics for budget monitoring and fairness evaluation

Enhanced Pay Transparency Improved communication about compensation

• Customizable compensation statements
• Clear explanation of pay decisions to employees

Risk Mitigation Reduced HR-related risks

• Ensures compliance with compensation regulations
• Minimizes errors in pay administration