05 Jun DBSquared & HRsoft Partnership
Here at HRsoft, we’re committed to providing HR and compensation professionals with ongoing support to support evolving business needs. In recent years, pay equity has made its way into the spotlight. Focusing on this aspect of compensation has become increasingly important for compliance purposes. However, analyzing pay equity also affords employers the opportunity to ensure they’re compensating employees in a way that attracts and retains top talent.
Yet, it can be difficult to know where to start when it comes to addressing equitable pay. To help you make informed, data-driven compensation decisions, we’ve partnered with DB Squared to provide you with a strategic and powerful tool to solve your pay equity challenges.
With DB Squared, compensation professionals can build consistent and objective pay structures using proprietary job valuing algorithms. As a result, jobs are priced based on reliable data indicating their true value. By pairing the DB Squared software with our own COMPview tool, compensation professionals can use both internal and external data to price jobs, make informed salary adjustments, and compensate employees based on performance, strategic business objectives, and budgetary factors.
Moving forward, you’ll now have the ability to transfer base pay structure developed through DB Squared into HRsoft’s COMPview solution. As a result, you’ll have a stronger foundation upon which you can make important compensation decisions, allowing you to pay your talent in the most equitable ways possible. This robust approach to compensation can also support your ongoing retention, recruitment, and engagement strategies.
We look forward to continuing to support your compensation needs. As always, we welcome any questions or general feedback and invite you to reach out to us at any time.