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CompAnalyst Overview

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32 views5 pages

CompAnalyst Overview

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deepmayur8
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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COMPENSATION MANAGEMEN T

All-in-One
Solution
Say goodbye to cumbersome spreadsheets, stale
data, and tedious work.
With CompAnalyst® Plus, you get the data and insights you need to make pay decisions with confidence.
Our solution addresses the entire compensation process, helping you quickly price jobs with
unparalleled accuracy and analyze your compensation pay practices.

Market pricing for external competitiveness

One Stop-Shop for Data


With CompAnalyst Market Data you have access to the largest
and most reliable HR-reported compensation data set.
Market price hot jobs, industry-specific positions, and even
combine jobs to map to your specific needs, to fill in your
data gaps.

Unparalleled Accuracy
You can scope our CompAnalyst Market Data to your specific
industry, company size, and geographic location with
percentile flexibility within market pricing reports for
unparalleled pricing accuracy.

Comprehensive Data on Compensable Factors


Determine the effects key compensable factors like
required skills, competencies, licenses, certifications,
education, years of experience, and reporting hierarchies
will have on the market prices of your jobs.

Embedded Executive Pay Data Minimum Wage Data


Quickly calculate C-level pay ratios, compare executive pay Find out what the minimum wage is across the United States or in
packages and pay ratios against publicly-reported peer data, individual states, cities, counties, and even municipalities.
and create C-Level pay-for-performance analyses.

“CompAnalyst, Salary.com's compensation software, has allowed our organization to create a "one stop
shop" for compensation. The software has greatly increased the amount of time we can spend providing
strategic direction to the business.

I highly recommend considering Salary.com if you're looking to take your compensation function to the next
level.”
– Shaun Drawdy, Senior Compensation Analyst, HD Supply
COMPENSATION MANAGEMENT
STREAMLINED ANALYSIS OF YOUR INTERNAL PAY PRACTICES

Salary structures with market context S mar t adjust ments


Create a new structure in just three clicks, based on market Streamline salary structure adjustmentswith your custom
data and your company grades, jobs and employees. global defaultsettingsthateliminate the need formanual
• Quickly visualize proposed structure changes using inputs and modifications.
flexible modeling tools
• Make on-the-fly adjustments to mid-point differentials, Co st to c o r rect analysis
range spreads, and the number of grades in your Quickly understand how much itwould cost to bring employee
structures salaries to themarket rate.Forecast costs associated with
• Easily spot and employee outliers in existing or proposed changing structures or adjustingindividual employee pay.
structures

View your salary structuresin a simple format to quickly view outliers and thecost to correct your
employee salaries across theboard

TOTAL COMPENSATION STATEMENT

Communicate your employee’s value to the


organization
Provide guidance to each of your employees leveraging
their individual Total Compensation Statement. Clearly
communicate how an employee’s pay compares to the
market, and how that employee fits into the
organization’s internal pay structure.

Customize your statement


Customize the Total Compensation Statement,
remove or add fields to meet your company’s unique
requirements. We can configure this report to how
your Total Compensation strategy is perceived in your
organization.
A customizable, presentation–ready view for sharing with employees their total
compensation and benefits statement
COMPENSATION MANAGEMEN T
Streamlined Report Creation

In-Module Reporting
Run reports without having to leave CompAnalyst Jobs,
Employees, and Composites.
• Simply click a button to access tabular reports without
leaving where you are.
• Quickly preview what the report will look like.
• Before you export, choose the fields you want to add or
delete.
• Save the report to run later, view it online, or export it
using CSV or Excel.

Run reports in Jobs, Composites, or Employee modules

Smart Reporting on Any Field


CompAnalyst will automatically build reports on any
field. You don’t have to know where that field is located
to find it or build the relationships between fields.
• Simply type in keywords in the Simple Search and
add them to the report. CompAnalyst automatically
maps the fields and creates the report.
• Here’s an example: if you select fields from both the
employee area (Employee Name or Base Salary) and
the composite area (Composite MRP), the system will
Move columns, edit column names, and add custom data automatically map employees, jobs, composites, and
the underlying survey cuts.

Data visualizations that connect the dots


Native integration with Tableau allows you to build fully
customizable data visualizations that pull from any field
in the product, including custom fields.

Customize Reports On-The-Fly


It’s easy to customize how a report looks and add
additional data calculations.
• You can create custom calculations in a report.
Examples: add average base salary by job family or
maximum base by 50th pay market.
• You can drag and drop the order of columns, sort
columns, or change the column headers.
Advanced data visualizations like our Flight Risk Analysis clearly
highlight outliers within your organization
COMPENSATION MANAGEMEN T
Smarter Reporting For Smarter Pay Decisions

Searchable, shareable reports Find Reports By Question


Use our universal search feature to quickly locate report If you are not sure what report to look for, you can search for
templates, saved reports, and custom data visualizations from reports by typing in a question or using keywords, and
any page in the CompAnalyst. Export and send presentation- CompAnalyst will automatically return appropriate questions
ready reports directly to stakeholders. that matched the input.

Leverage Pre-Defined Templates Schedule Reports to Run Automatically


Our template library is a quick way to get started by helping to Easily set up any report to run at any frequency – weekly,
define a report output based on the most frequently used daily, monthly, and for any duration. You can be notified by
templates. The templates contain fields included in a report, how email when the report is ready or simply log into
the fields are grouped (relationships), and any filters applied to CompAnalyst and see it in the completed reports section.
the report.

Proactive Decision Making

Pay Equity Reporting Toolkit


Address critical pay equity issues simply and confidently with the
Pay Equity Reporting Toolkit. provides the tools you need to
assess internal pay differences by employee group, and help you
take corrective action as needed.

Merit models that answer “what if” questions


Visualize how changes in merit programs will impact your total
rewards budget. Model merit matrices based on performance and
comp-ratio, range penetration, or market index. Analyze the cost of
different merit increase scenarios using historical data or expected
distributions.

Proactive alerts that keep you on track


Quickly identify data outliers, mismatched jobs, out-of-date prices, Access pre-defined templates on various reporting topics,
and even potential flight risk employees. Identify areas of the product including average compensation by protected classes like age,
ethnicity, and gender
that require attention without needing to search or run specialized
reports.

“I started using CompAnalyst 4 years ago and CompAnalyst has made a cumbersome activity that was done on
Excel previously into a very seamless experience. I cannot ignore the hours saved and having information at your
fingertips.

Their analytics feature throws out intelligence and numbers that otherwise would have taken me a lot of time to
do manually. I can't forget the amount of time the tool has saved on Benchmarking activities as well!

The time spent on a cumbersome Excel sheet that was error-prone has been eliminated. Data is instantly available
at my fingertips with options to pull reports in the way I want to.”
– Rohit Krishnasa, Senior Compensation Analyst, Advanced Auto Parts
COMPENSATION MANAGEMEN T
WHAT MAKES SALARY.COM DIFFERENT?

Leading the Charge Industry Leading Service Team


We’re constantly enhancing how employers and employees Salary.com firmly believes that to extract the full value from a high-
access compensation data. As the leading SaaS provider of performance compensation solution, it is essential to leverage not
compensation market data, software, and analytics, we are just the content and technology, but true best-in-class process
uniquely positioned to bring you more of the trusted data and expertise and compensation knowledge.
intuitive software you need to get pay right.
Your client team will consist of a Customer Success Manager and a
A Shared Passion Professional Services Specialist to help you every step of the way
Our team consists of the most experienced leaders in with:
compensation management. More than 30% have been with
Salary.com since its inception 20 years ago. Why? Because they ▪ Onboarding & Training ▪ Ongoing data management and
care deeply about fair pay practices and believe in our mission ▪ Quarterly Business Reviews analysis
to help you get pay right. ▪ Benchmark job matching ▪ Salary increase budget planning
▪ Salary range modeling ▪ Job template customization
▪ Composite template
“CompAnalyst is far more efficient than
customization
traditional survey job matching - I can get
data that I can rely on for questions from
managers in a matter of minutes (nearly
seconds) vs. several minutes to a half hour
using traditional methods.

The output reports are presentation-ready,


so I often just send them directly to
leaders who are asking for data.”
– Christopher Haak, Director of Total Rewards, Holman G2 Leaders in Satisfaction and
Enterprises
Market Presence Scores
“Salary.com is a very useful tool to analyze
compensation for many roles. It is very
user-friendly, and you can adjust certain
elements to do customization for your
company.

Salary.com is helping us keep


compensation consistent and accurate.”
– Adrian Solomonides, Strategic Leader of Human Resources, Outstanding Contribution as an
Smart City HR Tech Solutions Provider

See It In Action!
Learn more at Salary.com

Salary.com | 610 Lincoln St. North, Suite # 200, Waltham, MA 02451 | 617-631-8000

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