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<< Click to Display Table of Contents >> Navigation: Additional Salary Assessor Topics (Listed Alphabetically) > Compensation Management Background > Employee List > Workforce Insights > Employee Insights |
Employee Insights is a feature of Workforce Insights in Compensation Management that allows subscribers to identify issues with internal compensation at the employee level within the organization. Employee Insights includes three market comparison tools to identify and fix problems with compensation structures:
•Compression Check
•Peer Analysis
•Variance from Market
To Check for Compression
1.Navigate to the Employee List in Compensation Management.
2.Choose an Employee List.
3.Click on Workforce Insights and select Employee Insights.
4.Click on the Compression Check tab.
5.Enter a percentage value in the Compression Threshold field.
6.Review the records displayed.
7.To adjust an employee's salary, change a value in the Current Base column for the selected employee.
8.To adjust a supervisor's salary, change a value in the Supervisor's Salary column for the selected employee.
9.When your adjustments are successful, the employee(s) will be removed from the table, and the following message will be displayed: "Adjustment successfully met desired compression threshold."
To Check for Variance from Peers
1.Navigate to the Employee List in Compensation Management.
2.Choose an Employee List.
3.Click on Workforce Insights and select Employee Insights.
4.Click on the Peer Analysis tab.
5.Enter a percentage value in the Show if difference is over field.
6.Select either Pay Grade OR Job Family as the Peer Group.
7.Review the records displayed.
8.To adjust an employee's salary, change a value in the Current Base column for the selected employee.
9.When your adjustments are successful, the employee(s) will be removed from the table, and the following message will be displayed: "Adjustment successfully met desired threshold."
To Check for Variance from Market
1.Navigate to the Employee List in Compensation Management.
2.Choose an Employee List.
3.Click on Workforce Insights and select Employee Insights.
4.Click on the Variance from Market tab.
5.Enter a percentage value in the Show if difference is over field.
6.Review the records displayed.
7.To adjust an employee's salary, change a value in the Current Base column for the selected employee.
8.When your adjustments are successful, the adjusted employee will be removed from the table and the following message will be displayed: "Adjustment successfully met desired variance goal."
To Examine Job-Focused Internal Equity
See Job Insights
To Examine Pay Equity for Protected Groups
See Pay Equity
To Manage Protected Groups
To Customize Organization Data
See Compensation Management Settings
To Share an Organization Profile
See My Organizations
To Export
See Export to Excel