Best Compensation Management Software for Freshteam

In decades past, offer letters have remained unchanged. This is the end of it. Your candidates will be able to access an interactive portal that teaches them about their total compensation, their team, and the company's values. Collaborate with a group to discuss your team's compensation philosophy and make real-time leveling decisions. Your employees shouldn't be able to guess their compensation value. Allow employees to fully understand their compensation, including equity grants, bonuses, and other benefits. To ensure alignment during critical merit planning meetings, model, revise, and share your real-time compensation plan with your team. Secure live data connections from your data, ATS and HRIS to update your candidate or employee pools as you need.

Global tech companies rely on Ravio to provide real-time benchmarking of total rewards, market trends and compensation management. Compare your compensation with live data on salary, equity, variable and variable pay, benefits, and more, sourced directly by global tech companies just like you. Connect your HR system and Ravio will map your employees' (or level frameworks) to the relevant Ravio standard. Adjust your benchmarks as you grow, to ensure apples-to apple comparisons. Compare the total compensation packages of your employees with live market data. To ensure relevance, you can filter by industry, headcount and funding stage. Salary bands and budget forecasting are easy to use and provide a way to balance people's goals and budget realities. By providing the "why" of every compensation decision, you can help managers, finance and talent acquisition teams to have informed conversations. Transparent salary bands eliminate the back and forth.

Pequity offers flexible compensation solutions. It offers both full-service and Self-service options, ensuring precise, data driven comp cycles and pay bands. Pequity keeps your data safe. You no longer have to share sensitive compensation data and employee data on spreadsheets. Pequity combines the familiarity and power of spreadsheets, with automation at scale. Pequity is designed for the complexity and transparency of your unique compensation structure. It will meet your program where it is today and take it to where you want it to continue to grow. Pequity is a single hub where all stakeholders can align on compensation. Communication and collaboration with peers, leaders and managers, business partners, recruiters, employees and candidates will help you to convince them to support your compensation philosophy.