Webinar-Why Small Businesses Need Comp Software

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Why Small Businesses Need Compensation Software Finn Andersen Sr. Manager, Small Business Sales Paul Dutton Senior Account Executive

Transcript of Webinar-Why Small Businesses Need Comp Software

Page 1: Webinar-Why Small Businesses Need Comp Software

Why Small Businesses Need Compensation Software

Finn AndersenSr. Manager, Small Business Sales

Paul DuttonSenior Account Executive

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The Way We Work Has Changed

Data Driven Decisions

Transparency

New Expectatio

ns

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Performance & Engagement

Recruitment

RetentionBudget & Revenue

Compensation is the Keystone

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Why Now?

Compensation is your largest expense

Missing out on potential growth opportunity

Making the decisions with data

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You are not aloneUse your Market Reports to create pay-bands for every

title/level

Of all our clients….roughly 40% have less than 100 employees.

More than 100 Employees

Less than 100 Employees

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Gained competitive understanding of

Labor Markets

Provided Executives with confidence in

making top level decisions

Eliminated the conversation about

Compensation

Providing Confidence at …

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o Benchmarkingo Labor & Market Reportso Analytics Dashboardo Executive & Employee Reports

PayScale Insightclear, visual, real-time

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Get Pay Right

We’ll help you clearly articulate & translate each position into

relevant market data. If you have a unique title, or a hybrid role—we

will work closely to nail down all of the details of that job and get you

usable results. When it is necessary, we can collaborate with

you to define the levels of any position by adjusting factors like

experience, education, responsibility, and skills as needed.

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Comp Made Easy

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Confidence in Comp• Have confidence when talking to Executives, and employees• Real-time compensation planning with departments &

managers• Communicative value to employees

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Improve CommunicationCustomize total comp-

statements to show employees that you are paying for more

than just their base that’s paid out. Instill confidence in your

staff, and in the work you do to keep their pay and benefits

competitive.

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o Recruit for competitive roles o Retain top talento Engage your workforceo Gives confidence

HR

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o Strategic planningo Focus on growtho Create pay for performance

culture

Business Leaders

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o Budgeting for Department costso Team productivityo Communicating Comp

Managers

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o Empower and inspireo Create culture of transparency o Feel valued

Employees

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Visit PayScale.comto learn more