
Visier Smart Compensation is an advanced SaaS solution that combines analytics and automation to streamline compensation planning and decision-making processes.
Vendor
Visier
Company Website
Visier Smart Compensation is a next-generation compensation planning solution that automates workflows, empowers managers with data-driven insights, and promotes unbiased pay decisions. It integrates people analytics to optimize merit pay decisions while simplifying the manager experience and supporting fair and equitable compensation practices.
Key Features
Automated Compensation Workflows Streamlines the compensation planning process
- Encodes pay philosophy into each merit cycle
- Connects compensation strategy with execution
Data-Driven Decision Support Empowers managers to make informed compensation decisions
- Provides a 360-degree view of each employee
- Leverages people analytics to optimize merit pay decisions
Bias Mitigation Promotes fair and equitable compensation practices
- Accounts for multiple factors driving pay differences
- Offers unbiased baseline recommendations and deviation tracking
Retention-Focused Approach Helps organizations retain top talent
- Incorporates risk of resignation into compensation strategy
- Allows budget allocation for retaining key talent in critical roles
Benefits
Improved Compensation Strategy Aligns compensation practices with organizational goals
- Connects pay philosophy to execution
- Maximizes financial impact of merit pay decisions
Enhanced Manager Competency Elevates managers' ability to handle compensation-related tasks
- Simplifies the compensation planning experience
- Supports more effective pay discussions with employees
Increased Fairness and Equity Promotes unbiased and consistent compensation practices
- Reduces pay disparities
- Supports growing pay transparency needs
Reduced Turnover Helps organizations retain valuable employees
- Identifies and addresses retention risks
- Minimizes turnover costs through strategic compensation allocation