Compensation Technology

The CompTech Market is Misunderstood

Let's stop comparing Payscale to Workday to ADP to Lattice.

The CompTech market has multiple domains, each of which creates value in different ways and requires a distinct lens to understand and evaluate.

We understand this - and we're helping our clients understand it too.

Our View

The Five Critical Compensation Processes

Compensation technology falls into the following aspects of the compensation functional workflow. Vendors may provide solutions in more than one, but their products and features are best compared against others with these domains as the primary lens.

Monitor

Data sources and related tools to understand prevailing compensation levels

Align

Tools for understanding market compensation rates and modeling/managing alignment to market

Deliver

Systems and tools for facilitating cyclical pay decisions and cycle administration

Analyze

Reporting and diagnosing on pay outcomes relative to various internal and external objectives

Engage

Tools for communicating the value of rewards to employees and candidates

CompTech Assessment and Selection

No matter where you are on your CompTech journey, Novo Insights can help you make a bigger impact in your organization.

Contact Us

Send us a note or schedule time to explore how we can accelerate your CompTech journey.