How Compensation Insights Drives Decisions That Actually Work

HR leaders are being asked to be data-driven more and more by their businesses, CEOs, and Boards. A hugely important but often unclear aspect of this is compensation. 

For too long, compensation practices have lived in silos, disconnected from their real impact on employee performance, engagement, and retention. But that's changing fast. We're seeing major AI companies battle publicly over compensation strategies.

Compensation Insights powered by 15Five AI helps HR leaders make better compensation decisions. This AI solution moves beyond traditional compensation analysis by connecting critical pay data with broader talent metrics. It gives you a complete, data-driven view so you can make better decisions about your people.

The Questions Every HR Leader Is Asking

HR leaders face a series of complex questions about how effective their compensation strategies really are like:

• Can you actually prove that employees who feel fairly paid are more engaged and less likely to leave?
• Can we directly connect compensation structures to high performance within our workforce?
• Are we paying our top performers enough to keep them, or are they at risk of leaving?

Without clear answers to these questions, organizations operate at a real disadvantage, potentially hurting their ability to attract, retain, and motivate their most valuable asset: their people.

How Connected Data Changes Everything

Compensation Insights tackles these challenges by connecting compensation data with performance, engagement, and retention metrics. This complete view gives you actionable intelligence that was previously impossible to get. Here's the clarity it can offer:

• The platform could reveal that a significant percentage of voluntary departures were employees compensated below market rates, showing you exactly where attention is needed.
• It may show that high performers tend to have a good compa-ratio but are below market rates, showing a strong alignment between pay practices and performance recognition internally, but a challenge externally.
• The data might show that employees at the bottom of their pay range have lower engagement scores, especially around how fair and valuable they feel their pay is. This direct connection empowers HR to address fairness perceptions proactively instead of playing the typical data guessing game.

These insights aren't just data points; they're catalysts for strategic action. You can spot which employees might leave based on how their pay compares to market rates, then take action before problems get worse. 

This proactive approach is incredibly valuable, especially in a competitive talent market where losing great people costs a lot. (15Five delivers these insights too - coming soon!)

Roger Lee, CEO of Comprehensive, which powers 15Five Compensation, puts it well: "Our goal is to empower HR leaders to understand the true impact of their compensation strategies on their most valuable asset – their people." Compensation is shifting from just a cost center to a strategic investment in your people that helps build more equitable, motivated, and stable teams.

Easy to Use, Right in Your Dashboard

For existing 15Five clients using the Compensation add-on, Compensation Insights is available right now in the Outcomes Dashboard. 

The intuitive dashboard enables users to view performance data, apply filters, and add customized columns for a comprehensive analysis of individual and team compensation data. This means HR leaders can start using these insights right away without any extra setup.

Ready to See What's Possible?

When you need to make smarter people decisions that drive real business results, Compensation Insights is your answer. It turns confusing compensation data into clear insights you can actually act on, helping you build stronger teams and better business outcomes.

To explore how Compensation Insights can redefine your HR strategy, visit 15five.com/products/perform/compensation or get a demo today.