BetterComp and Compa Join Forces for Market Data Innovation
BetterComp and Compa Join Forces
BetterComp, a prominent market pricing platform, has partnered with Compa, the leader in software-driven market data, to revolutionize the way compensation teams access and utilize essential market intelligence. This collaboration aims to provide an all-in-one platform that integrates offer-based market data alongside critical survey benchmarks.
Understanding the Challenge
Compensation teams often face the issue of lagging survey data, making it hard to efficiently price new and emerging roles. This challenge is particularly evident in a competitive job market where roles such as AI/ML engineers and computer vision researchers are in high demand. Compa’s innovative offer data significantly enhances BetterComp’s platform, allowing enterprise clients to gain a deeper understanding of compensation trends and structures.
Improving Compensation Strategies
With the integration of survey data and real-time offer data, BetterComp is enabling enterprise compensation teams to make agile decisions. The ability to view both data types side by side allows organizations to adjust their pay ranges proactively, aligning them with the ever-changing market dynamics.
Voices from the Field
Alan Miegel, Co-Founder and CEO of BetterComp, emphasized the value of this integration, stating, "This integration gives our customers what they've been asking for - a complete view of the market that includes both traditional surveys and real-time offer data." This sentiment is echoed by Matthew Lechner, Senior Director of Total Rewards at Five9, who notes, "This integration combines the best of both worlds: real-time offer data from Compa and the reliability of traditional survey benchmarks in one tool. Together, they help us make smarter decisions.”
Key Benefits for Compensation Teams
Integrated Data Access: Compensation teams can access vital information on hot jobs and market trends, all in a single platform, streamlining their workflows.
Confident Compensation Strategies: Utilizing robust market data empowers teams to price complex roles effectively, leading to more informed decisions.
Agile Planning: This new integration allows teams to balance immediate salary decisions with long-term benchmarks, ensuring they remain competitive.
Game-Changing Integration
Charlie Franklin, Co-founder and CEO of Compa, highlighted the strengths of their partnership, stating, "By incorporating offer-based market data into the platforms compensation teams already use, we help them integrate real-time data into their benchmarking process." This partnership equips teams to make decisions that are both confident and aligned with the current market.
Availability
Compa’s innovative offer data is now available in BetterComp, offering subscription-based clients a powerful tool to enhance their compensation strategies.
About Compa
Compa stands at the forefront of providing software-delivered market data. Their innovative solutions are transforming how enterprise teams access essential market information. By automating data collection from various systems, Compa ensures users receive the most accurate and up-to-date benchmarks for cash, stock, offer data, and skills-based compensation. With a strong commitment to privacy and accuracy through Multisource Matching, Compa empowers professionals in compensation to navigate their strategies confidently.
About BetterComp
BetterComp has been a game-changer for compensation teams since 2019, designed specifically for modern enterprises to scale market pricing effectively. Merging advanced automation, analytics, and reporting features, BetterComp helps users maximize the power of their market data while improving operational efficiencies. Recognized on platforms such as G2 and as a partner of Workday, BetterComp is tailored for professionals, ensuring ease of use and high satisfaction among its users.
Frequently Asked Questions
What does the partnership between BetterComp and Compa entail?
The partnership aims to combine offer-based market data with survey benchmarks, enriching compensation strategies for enterprise teams.
How can enterprises benefit from this integrated platform?
Enterprises can access real-time offer data alongside traditional survey benchmarks, enabling smarter, data-driven decisions regarding compensation.
What key features does the combined platform offer?
Key features include integrated data access for market trends, confident pricing strategies, and agile planning capabilities.
Who voiced support for this integration?
Alan Miegel, Co-Founder and CEO of BetterComp, and Matthew Lechner, Senior Director of Total Rewards at Five9, both highlighted its benefits.
Is Compa’s data available for BetterComp users?
Yes, Compa's offer data is currently available within BetterComp's platform, enhancing their market pricing capabilities.
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