Every business understands that employees are one of their most valuable resources, and compensating them for all the vital work they do goes beyond base salaries. The modern workforce is in flux after the pandemic, and as Millenials turn 40 and Gen Z begin their careers, pay transparency is more important than ever. Proper planning and allocation of employee compensation involve the right mix of base pay, bonuses and long-term incentives. While many HR departments still use spreadsheets as tools for this complex process, Compright introduces a platform that uses rich data, analytics and automation to help businesses determine and communicate compensation allocation and build a culture of trust among their employees. Employees need to know not only what they are receiving in compensation, but why.
“When compensation planning is an opaque process, it becomes the weak link in employee engagement. Using an advanced software solution like Compright can empower managers to more effectively connect an employee’s contributions with their rewards” said Boyd Davis, CEO of Compright. “The solution pays for itself with reduced administrative overhead, but the real payoff is a more engaged and motivated workforce.”
The software can easily be implemented in just a few weeks. It is easy to use with no steep learning curve. For organizations looking for a software tool, Compright offers richer features, a higher degree of configurability, and a lower total cost for both implementation and use compared to alternatives. It improves the compensation results without forcing businesses to change their entire HR environment and organizational behavior.
Compright empowers organizations to allocate with confidence. It allows business executives and their managers to identify and analyze their market data, compensation ratios, risk of flight, performance, compliance flags and history. Customers like Univision, WindRiver, and Vectra AI have adopted Compright and give the company high marks on the ease of improving their compensation process.
There has been a strong demand from employees and workers’ rights groups for market competitiveness and pay fairness. Compright helps business owners make data-driven decisions and satisfy society’s standards with its flexible platform capable of handling the most sophisticated compensation strategies.
Compright is completely configurable and affordable — tailor-made for mid-sized enterprises. Since mid-sized organizations have all the demands of larger organizations but only have a fraction of their resources and limited options, Compright’s simple, comprehensive automation is the perfect partner for their HR departments.
The company was founded by compensation and AI veterans who understand the need for clear business objectives, a reliable source of data and an ethical viewpoint relative to bias and privacy. The founders believe that the first step for any organization to leverage artificial intelligence is to modernize infrastructure and processes. They have predicted that AI is a transformative innovation that will have a profound impact on HR.
More information can be found at http://compright.com/.
Compright consists of developers and compensation experts who provide an easy-to-use, comprehensive and powerful compensation management software.