WTW Compensation Software
Optimize compensation planning, ensure equity, and drive pay-for-performance with advanced analytics.
Executive Summary
WTW Compensation Software is a cloud-based platform designed for HR and compensation professionals to streamline compensation planning and management. It enables organizations to design, build, and manage effective compensation structures by leveraging comprehensive market data and advanced analytics. The platform's key business value lies in fostering a pay-for-performance culture, ensuring competitive and equitable pay, and providing data-driven insights for strategic talent investment.
Use Cases
- Designing and managing effective compensation structures that align with business and talent strategies.
- Benchmarking employee pay against global and local market data to ensure competitiveness and equity.
- Conducting pay equity analysis and ensuring compliance with evolving pay transparency regulations.
- Implementing and supporting a pay-for-performance culture to attract, reward, and retain top talent.
- Automating salary survey participation and analysis to streamline processes and generate insights.
- Developing and managing market-based salary structures and job-specific market reference ranges.
Features
Visibility
- Compensation Reporting and Analytics: Visualize compensation data from multiple dimensions to identify opportunities in the organization and in the labor market.
- Interactive Data Access: Gain interactive access to comprehensive compensation data from every corner of the globe for informed decision-making.
- Custom Peer Group Definition: Define custom peer groups to focus on the most relevant talent markets and compare your jobs to market data.
- Job Leveling: Determine the value of jobs across a global organization to achieve a balanced compensation structure and establish a foundation for effective talent management.
- Cost Impact Analysis: Conduct cost impact analyses that inform design and help manage position against market, and model key compensation actions.
Intelligence
- Automated Survey Matching: Automate survey matching using sophisticated business rules that are configurable for your organization's needs, including a 'best match' algorithm.
- Market Price Jobs: Market price jobs using data from multiple vendors and auto-refresh matches as updated survey data become available.
- Salary Structure Design: Develop and manage market-based salary structures or job-specific market reference ranges.
- Pay-for-Performance Modeling: Model key compensation actions through bring-to-target and Merit Matrix analytics to support a pay-for-performance culture.
- Data-Driven Strategy Building: Engage with actionable insights to build effective pay programs and a data-driven, equitable compensation strategy.
Support
- Service Desk: Online issue tracking system allowing client users to log issues, monitored by the WTW Support Team 24 hours a day, 5 days a week.
- Interactive Tutorials: Built-in interactive tutorials and simple navigation to guide users through the software.
- Help Center/FAQ: Access to a Help Center with FAQs and a Glossary of Terms for self-service support.
Technical Specifications
- Architecture
- Cloud-based SaaS
- Deployment
- Cloud/SaaS
- Authentication
- Centralized authentication, Active Directory integration
- API Available
- Yes
- MCP Server
- No
AI/ML Stack
- Machine Learning
Integrations
- Workday
- SAP
- Oracle
Security & Compliance
Certifications: GDPR
Encryption: NIST certified encryption (WPA2) for wireless; industry best practices for data at rest and in transit.
Data Residency: Global options
Pricing
- Model
- Tiered subscription, Custom enterprise
- Starting Price
- Contact sales
- Target Customer
- Mid-market to Enterprise
- Contract Type
- Custom enterprise
- Free Trial
- No (credit card required)
About WTW
WTW is a British-American multinational advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. They help organizations manage risk, optimize benefits, cultivate talent, and maximize performance through commercial insurance brokerage, risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice.