CompAnalytics

Aligning pay strategy with overall business objectives is a watchword for compensation managers and senior management. But how can management ensure that an "aligned pay strategy" is implemented throughout the organization?

NPKtools' Comp/Analytics solves this dilemma by integrating information and powerful analytics to communicate pay market decisions in a context that all managers can understand and act on; competitive position. Comp/Analytics calculates each employee's current competitive position in the job and compensation markets where they compete. Executives and managers can use that analysis framework to compare current employee pay against the competitive pay market envelop to critique current pay practices and teach managers to pay differentially to achieve greater pay practice alignment in the future.

Comp/Analytics also features a unique rollup of manager and department pay practices which can be used for internal benchmarking, monitoring of pay practices, and targeting of areas requiring corrective action or additional pay decision training.

Do you need the capability to:

• Benchmark internal "best pay practices" for pay-for-performance implementation
• Evaluate over/under investment in human capital resources
• Assess trends in pay-for-performance awards by business unit, department, or pay level
• Evaluate company compliance for pay equity using performance as a factor in determining fairness in compensation
• Evaluate the gaps in aligning pay-for-performance decisions with the company's overall pay and business strategies