Lattice Compensation, a new product launched in July 2022 by leading people success software provider, Lattice, effectively connects performance and compensation for a more effective strategy and transparency around pay decisions. This significantly impacts talent management, retention and the overall well-being of employees.
A confluence of factors leading to a paradigm shift in the labor market, scattered workforces, rising inflation, and legislative changes is changing employee compensation transparency expectations. According to Lattice’s research, 65% of employees want more transparency in pay practices, and more than 50% want to know how much everyone at an organization is paid.
Lattice’s collaboration with Mercer, a global leader in reshaping the world of work, will bring new levels of efficiency, clarity, and ease to a previously complex, error-prone, and labor-intensive process for HR teams.
"An effective compensation strategy is such a critical driver of employee retention and engagement, and the trends around distributed work and pay transparency alongside market shifts are only adding complexity to an already challenging process. Lattice Compensation Benchmarking Powered by Mercer enables companies of all sizes to build data-informed insights to make employee-centric pay strategies."
- Dave Carhart, VP of Lattice's Advisory Services
About Lattice
Lattice helps develop a conducive, winning organizational culture with its People Success Platform. The solutions offer tools, workflows, and insights to enable organizations to bring out the best in high-performing employees through immersive engagement. PSP by Lattice combines continuous performance management, employee engagement surveys, compensation management, and career development tools into one connected solution, this helps deliver comprehensive people analytics for HR and People teams to drive impactful business outcomes.