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Visier Launches 'Smart Compensation', Delivering a New Level of Insight and Effectiveness to Compensation Planning
Friday, June 30, 2023Company Profile | Careers | Follow Company
Vancouver, BC, June 30, 2023--(T-Net)--Visier, a leader in people analytics and workforce solutions for people-powered business, has announced Smart Compensation, a new product designed to simplify the complex compensation planning process into an easy-to-use, data-driven approach that empowers managers like never before.
Available as a standalone product, Smart Compensation can be utilized by both current Visier customers within their suite of Visier offerings, or by new customers as a standalone application supporting their compensation planning teams.
"Pay is one of the most important conversations a manager can have with their employees, and yet most managers are not given the tools to effectively communicate even the best compensation packages, leaving everyone involved in the process feeling unsatisfied and frustrated," said Lino Gentile, Vice President of New Applications for Visier.
"Smart Compensation takes the decades of experience the Visier team has in the people analytics space, and simplifies this complex issue making it easier for teams to make better, data-driven merit pay decisions while elevating the manager's competency. We're solving organizations' most critical compensation challenges without the messy spreadsheets and with a purpose built manager experience that delivers the impact organizations expect."
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For many companies, the compensation process is frustrating and ineffective for the employee, the manager and the total rewards team. Smart Compensation by Visier redefines the pay process for triple impact, dramatically improving the pay process for each stakeholder.
Smart Compensation tackles several critical challenges facing organizations today, including:
"Smart Compensation gives managers the opportunity to make unbiased pay decisions in real time, optimized for your pay philosophy, and considering employee's performance, risk of exit and pay equity," said Gentile. "This helps managers, and organizations make more impactful decisions while simplifying the process for managers, and maximizing the financial impacts of pay decisions."
Smart Compensation is currently available, with further details found at https://www.visier.com/products/smart-compensation/.
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