LaborIQ Features

Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views. This feature was mentioned in 10 LaborIQ reviews.

Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.

Enables users to view and transact business with the same content in multiple languages and currencies.

Grant access to select data, features, objects, etc. based on the users, user role, and groups.

Is consistently available (uptime) and allows users to complete tasks reliably.

Is accessible from a mobile device and by users on the go.

Provides analytics tools that reveal important business metrics and track progress.

Creates dashboards to track information like open positions, current headcount, and recruiting pipeline.

Define compensation packages and allowance plans within the system. Specify the various components of compensation, including base pay, bonuses, and equity. Structure compensation pools and hierarchies for continual planning.

Coordinate new hire, transfer, promotion, and termination events within the system using rules to automatically facilitate the associated compensation adjustments.

Streamline the flow of work processes by establishing triggers and alerts that notify and route information to the appropriate people when their action is required within the compensation process.

Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making. This feature was mentioned in 10 LaborIQ reviews.

Maintain compliance with corporate policies, state mandates, and federal regulations regarding compensation with built in compliance features, including automated identification and flagging of unapproved behaviors. This feature was mentioned in 10 LaborIQ reviews.

Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures.

View budgetory allocations across the organization, compensation information related to individual employees or departments, and underlying compensation trends in analytics dashboards embedded in the system.

Create standard and ad-hoc reports of compensation data within the system. Trends and other graphical representations of data displayed by analytics dashboards can be included in reports. This feature was mentioned in 10 LaborIQ reviews.

Easily import data into or export data from the system, and access employee compensation data quickly within the system. Create compensation hierarchies so that managers can access relevant team information. This feature was mentioned in 10 LaborIQ reviews.

Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system.

Compares cohorts with complex, customizable logic for deeper analysis.

Contains customizable dashboard enabling users to visualize pay gaps.

Forecasts potential budgets necessary to remediate pay inequities.

Tracks legislative updates and provides reporting necessary for local, regional, or international government authorities.

Facilitates the creation of a step-by-step action plan to correct potential legal breeches, mitigate risk, and provide DEI training to employees.

Prepares reporting for EEO-1, ACA compliance, OFCCP, and other industry audits.

Provides industry benchmarks and comparative reports.

Analyzes turnover and retention in relation to diversity intiatives.

Displays and compares pay equity information, comparing the parity of pay across demographics.

Comes with native pay equity module or capabilities.

Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization.

Presents customizable compensation dashboards with data visualizations.

Sets compensation benchmarks based on data from industry competitors.

Includes pay or crediting rules to organize salary structure into relevant hierarchy.

Enables users to create customized reports on compensation packages for auditing purposes.

Checks accuracy and transparency of data for auditing purposes.

Includes pay rules to organize salary structure into relevant hierarchy.

Automaticaly generates an offer letter or autofills an offer letter template containing appropriate salary and benefits details.

Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks.

Provides equity benchmarking for organizations that offer such benefits.

Uses AI to project an appropriate salary based on job description or other datasets.