Lattice Compensation, a new product launched in July 2022 by leading people success software provider, Lattice, effectively connects performance and compensation for a more effective strategy and transparency around pay decisions. This significantly impacts talent management, retention and the overall well-being of employees.
A confluence of factors leading to a paradigm shift in the labor market, scattered workforces, rising inflation, and legislative changes is changing employee compensation transparency expectations. According to Lattice’s research, 65% of employees want more transparency in pay practices, and more than 50% want to know how much everyone at an organization is paid.
Lattice’s collaboration with Mercer, a global leader in reshaping the world of work, will bring new levels of efficiency, clarity, and ease to a previously complex, error-prone, and labor-intensive process for HR teams.