Complete Compensation Management
Increase Retention and Save Time
Upload your employee data or use HRIS integration and take control of your compensation planning. You can audit your existing pay strategy for equity, pay compression, and FLSA compliance easily within ERI’s Compensation Management solution, all while having access to ERI’s world-class salary database.
BENEFITS OF OUR DATA
Take Control of Your Compensation Plan
ERI’s Compensation Management solution gives you a complete picture of your total compensation plan. You can customize the platform to fit your benefits and rewards structures, easily match job titles, and manage employee data to develop effective compensation strategies and examine pay equity across your workforce.
Ensure You Are on Top of Compensation
Effective Compensation Management Tools
Define Pay Grade Structures
Do you need to integrate pay grades into your compensation plan? With only a few clicks, you can easily create and maintain pay grade structures within our software.
Manage Total Rewards
Define and manage your company’s reward strategies using salary increases, incentive plans, benefits, or discretionary incentives…or a combination of all four!
Incorporate Your Salary Surveys
Integrate your own purchased or in-house salary surveys using our Survey Management solution. Once uploaded into your custom survey library, you can easily organize, classify, and match jobs, allowing you to compare third-party survey data with ERI’s Assessor Series database based on your market strategy.
Plan Benefits
Get current survey data on trends in employee benefits, including benefits offered, health care coverage, and PTO. Create competitive benefits plans and administer them to employees across your organization.
Export Reports to Stakeholders
Download Customized Reports
Download various useful reports, including visualizations of data, from Compensation Management in PDF or Excel format with just one click.
Multiple Ways of Analyzing Data
Export valuable reports to analyze your overall salary plan from any angle: departments, incentives, pay grades, budgets, merit increases, and more. Share a Total Rewards Statement for individual employees or an Employee Pay Alignment report to align employee compensation with market data, pay grade midpoint, or pay grade range.
OUR SOLUTION
Workforce Management
ERI’s Assessor Platform gives you a bird’s-eye view of compensation in your organization. From creating custom internal job titles to managing incentives and benefits expenses, ERI gives you a complete picture of your employees’ compensation.
Create Organization Profiles
Organization Profiles
Manage Your Internal Job Titles
Match your organization’s internal job titles to equivalent ERI job titles using our advanced job matching tools, including AI-powered job matching and AI-generated job descriptions. Combine multiple job titles with assigned weighting to create a unique hybrid job. Customize your job titles with specific requirements, such as preferred or required skills and certifications, education, shift work, and more.
Create Specific Geographic Areas
The location of an employee can change compensation dramatically. Our platform allows you to create custom areas that matter to your organization. You can create user-defined areas by searching for locations within a radius of a specific city, such as your headquarters, define metro areas to include relevant suburbs, search by ZIP code, and more.
Upload Employee List
Employee List
Enter Your Employee Data
Add employees manually using ERI job titles, your internal job titles, custom hybrid jobs, or jobs filtered by industry. Define each employee by adding their skills, certifications, education, shift work, department, location, protected groups information, compensation details, incentive and salary increase plans, benefits, and more.
Upload a List of Employees
Adding employee data one-by-one can be a tedious task. To simplify the process, download a template and then upload your employee lists using spreadsheets.
HRIS Integration
For a fully automated experience, manage employees and their pay by integrating ERI’s Compensation Management platform with your HRIS system. Contact us for more information about importing your employee data from an HRIS provider.
Gain Workforce Insights
Workforce Insights
Pay Equity
Use ERI’s Pay Equity analysis tools to compare compensation for two groups within a protected group category, such as age range, disability, gender, national origin, race, religion, and sexual orientation. You can customize protected groups (with the exception of age range) within each category to accurately reflect your organization. Look for differences in base salary, incentive, or total compensation to ensure internal equity. For example, verify that all employees with the same job title are compensated within a reasonable pay range regardless of their age.
Job and Employee Insights
Using ERI’s Job Insights or Employee Insights tools, you can easily identify issues with internal compensation at the job level or employee level within the organization, including checks for pay compression, peer analysis, and market variance. For example, check for pay compression between supervisors and their subordinates. Look for variance in pay between peer groups based on pay grade or job family. Verify that pay for specific jobs or employees in your organization is comparable to market rates using a percentage threshold defined by you.
Compensation Management Reports
Compensation Management Reports
Total Rewards Statement
Easily download and share a Total Rewards Statement for an individual employee to see a complete breakdown of their pay, including current base, incentive, and long-term compensation, plus benefits, with employee and employer contributions for each benefit option.
Minimum Wage, FLSA, and Pay Grade Alerts
Through our dashboard, you can receive alerts if an employee drops below the minimum wage, does not comply with FLSA regulations, or drifts out of their assigned pay grade.
Organization Profiles
Manage Your Internal Job Titles
Match your organization’s internal job titles to equivalent ERI job titles using our advanced job matching tools, including AI-powered job matching and AI-generated job descriptions. Combine multiple job titles with assigned weighting to create a unique hybrid job. Customize your job titles with specific requirements, such as preferred or required skills and certifications, education, shift work, and more.
Create Specific Geographic Areas
The location of an employee can change compensation dramatically. Our platform allows you to create custom areas that matter to your organization. You can create user-defined areas by searching for locations within a radius of a specific city, such as your headquarters, define metro areas to include relevant suburbs, search by ZIP code, and more.
Employee List
Enter Your Employee Data
Add employees manually using ERI job titles, your internal job titles, custom hybrid jobs, or jobs filtered by industry. Define each employee by adding their skills, certifications, education, shift work, department, location, protected groups information, compensation details, incentive and salary increase plans, benefits, and more.
Upload a List of Employees
Adding employee data one-by-one can be a tedious task. To simplify the process, download a template and then upload your employee lists using spreadsheets.
HRIS Integration
For a fully automated experience, manage employees and their pay by integrating ERI’s Compensation Management platform with your HRIS system. Contact us for more information about importing your employee data from an HRIS provider.
Workforce Insights
Pay Equity
Use ERI’s Pay Equity analysis tools to compare compensation for two groups within a protected group category, such as age range, disability, gender, national origin, race, religion, and sexual orientation. You can customize protected groups (with the exception of age range) within each category to accurately reflect your organization. Look for differences in base salary, incentive, or total compensation to ensure internal equity. For example, verify that all employees with the same job title are compensated within a reasonable pay range regardless of their age.
Job and Employee Insights
Using ERI’s Job Insights or Employee Insights tools, you can easily identify issues with internal compensation at the job level or employee level within the organization, including checks for pay compression, peer analysis, and market variance. For example, check for pay compression between supervisors and their subordinates. Look for variance in pay between peer groups based on pay grade or job family. Verify that pay for specific jobs or employees in your organization is comparable to market rates using a percentage threshold defined by you.
Compensation Management Reports
Total Rewards Statement
Easily download and share a Total Rewards Statement for an individual employee to see a complete breakdown of their pay, including current base, incentive, and long-term compensation, plus benefits, with employee and employer contributions for each benefit option.
Minimum Wage, FLSA, and Pay Grade Alerts
Through our dashboard, you can receive alerts if an employee drops below the minimum wage, does not comply with FLSA regulations, or drifts out of their assigned pay grade.
We Are Here for Onboarding and Support
You will get access to our incredible onboarding team when you subscribe to ERI’s Assessor Series. We can help you set up your Compensation Management platform so that it is tailored to your organization and help you master all the functions included. We know managing compensation can be complicated and time consuming, so we are here to help.
How Compensation Management Can Benefit You
Here’s how ERI’s Compensation Management solution can help businesses overcome various challenges when planning salaries and benefits.
Managing New Labor Markets
Example
A compensation professional has been tasked with planning compensation for a second store location in a retail business. The new location is in another state with different minimum wage rules and a new labor market.
Solution
With ERI’s Compensation Management solution, the HR professional can design and implement a compensation plan that meets the new store’s needs and maintain competitive pay using ERI’s constantly updated salary survey database.
Auditing Current Compensation Practices
Example
A 20-year-old business wants to audit its employees’ salary levels. A spreadsheet with compensation data has been created, but analyzing it for both internal and external equity, as well as compliance with local labor regulations, is time consuming.
Solution
The business can quickly import employee data into the Compensation Management platform using the spreadsheet they created and easily audit it using a variety of Workforce Insights tools. These checks can help protect against pay gaps between protected groups, identify pay compression between employees and their supervisors, and verify that an employee’s compensation is close to the market rate.