HR STRATEGY

Lattice Announces Innovative Compensation Goals & Products to Link Employee Success to Business Impact & Bridge the Gap Between People and Business

Lattice | September 23, 2021

Lattice, the leading human resources management platform for companies with a people-centric culture, today announced that it continues to focus on employees and companies transparent and aligned with new products and services aimed at bridging the gap between human and business activities.

Unlike most HR tools which are designed with compliance or process in mind, Lattice's new products incorporate a people-centric methodology that enables organizations to better understand and support employees.

By building on its current solution, Lattice Goals & OKRs helps teams set stronger, more strategic goals that drive adoption of Objectives & Key Results (OKRs) programs, increase employee performance and drive engagement. This visibility and understanding allow business leaders to align their staff with the company's strategic priorities and encourage each employee to carry out these missions. By helping teams set their goals, people leaders can drive alignment and results that enable businesses to achieve business success.

A new strategic focus, the Lattice Compensation solution allows teams to develop clear and fair compensation practices, which recognize and reward employees for their work. Within the Lattice platform, HR teams will be able to manage the compensation review process in a secure, centralized hub that seamlessly integrates employee performance information into the decision-making process. To facilitate clear and meaningful conversations about compensation, managers and executives of the company will gain insight into individual and team-level compensation trends. Employees will be able to view their own compensation information on their Lattice accounts.

Together, these two additions to the Lattice platform will deliver deeper insights to employees and managers, enabling greater operational efficiency with the human side of human resources.

Companies have been trying to set their goals and compensation for years, By connecting OKRs to compensation tools, platforms like Lattice can help fast-growing companies keep their compensation strategies fair, transparent and equitable. 

- Josh Bersin, global industry analyst.

With increased visibility and fairness, HR managers and people managers will have deeper insight to make informed decisions, and operational HR tasks will be more personalized for each employee. Lattice's new products help broaden the goal of connecting employee work to the value it generates for organizations, as well as providing a source of truth to ensure employees and managers make sound decisions and get results.


About Lattice
Lattice is the human resources management platform that empowers human resources managers to develop engaged and high performing teams. By combining continuous performance management, employee engagement, development and training in a single solution, people management teams benefit from powerful real-time analytics that result in actionable insights that transform managers into leaders, employees in high performing people and companies in better places to work. Based in San Francisco , Lattice company has more than 3000 customers, including Slack, Monzo and Tide.

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Employers can satisfy the Employer Exchange Notice requirement by using one of the following DOL model notices, ¬lling in the blank sections as needed, and distributing the completed notice to all employees within 14 days of hire.

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