Compensation planning shouldn't be a headache. Introducing PayLab, our dynamic pay benchmarking solution designed to retain a competitive position.
Unlock the potential of global pay benchmarking data with PayLab, Innecto’s cutting-edge solution developed by industry leaders in reward management for HR professionals. Gain a comprehensive understanding of both your current and aspirational pay positioning, ensuring that your compensation decisions are responsible and equitable while strategically aligning remuneration with your business objectives—all grounded in data-driven insights.
Leverage external benchmarks to enhance your strategies for hiring, retention, and employee engagement. Optimise your pay budget to attract and retain top-tier talent while uncovering potential savings for future recruitment efforts. Access intuitive analytics and customised dashboards that provide a clear view of pay effectiveness across your organisation, and generate detailed reports segmented by department, gender, ethnicity, and more.
PayLab goes beyond just role benchmarking; it thoroughly assesses your entire compensation strategy. Our flexible system adapts seamlessly to your organisation's growth, fostering a collaborative and user-friendly approach to managing pay data.
With PayLab:
- Save you time and resources with automated workflows.
- Day to day, leverage market data insights.
- Make equitable pay decisions based on data.
- Provide clear and transparent explanations to employees.
Transform your compensation strategy with PayLab and ensure your organisation is set for success.
Case Study: Charles Tyrwhitt
Menswear retailer Charles Tyrwhitt needed better visibility on market data to enable the HR team to keep up with the evolving needs of an omni-channel international business.
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Why choose PayLab?
Easily spot roles under- and over-compensated and compare salaries against market standards to facilitate informed decision-making.
Experience a seamless, intuitive design that makes compensation planning easier for HR teams.
Support for multiple currencies makes PayLab perfect for multinational companies.
Analyse over- and under-paying issues, and compare salaries against market rates to support informed decision-making.
Generate insightful reports that drive discussions around pay equity and employee satisfaction.
Easily compare your compensation packages against industry standards to remain competitive and attract top talent.
