Why Excel is Not the Answer for Compensation Management

Why Excel is Not the Answer for Compensation Management

Excel has long been used to analyze compensation practices and market price jobs. But did you know that using Excel could expose your organization to compliance risks and inconsistent reporting? As compensation becomes more complex, your organization needs a solution that can automate critical processes and provide the simplicity and consistency that Excel can’t deliver.

Do you need to do any of the following in Excel?

  • Data for pay equity analyses
  • Adjust pay for the cost of living
  • Adjust pay based on geography
  • Market price jobs via job descriptions rather than a title, which is imprecise at best and often incorrect
  • Create and market price hybrid jobs based on new trends
  • Create salary ranges and structures and model “what-if” scenarios

If so, take five minutes to download and read our newest White Paper to learn why Excel is no longer the best solution for compensation management and the simplicity with which you can do complicated analyses you would have dreaded undertaking otherwise.

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