Meet Pequity Approvals – The Smarter, Faster Way to Streamline Compensation Approvals

We’re excited to announce the launch of Pequity Approvals a groundbreaking platform designed to simplify and enhance the process of managing compensation changes across your organization. Whether you're handling candidate offers, promotions, internal transfers, or off-cycle adjustments, Pequity Approvals centralizes all aspects of compensation decision-making, saving your team valuable time, ensuring you stay on budget, and keeping everyone aligned with your company's pay philosophy.

A Comprehensive Solution for Compensation Management 

Compensation management can be a complex process involving multiple stakeholders, various data points and a mix of communication channels. Spreadsheets, emails, Slack messages, and verbal approvals often complicate decision-making and increase the likelihood of misalignment or delays. That’s where Pequity Approvals comes in. With its centralized platform, Pequity brings all compensation-related communications, data, and decisions into one seamless system.

Pequity Approvals offers powerful features designed specifically to streamline compensation processes:

• Customizable Compensation Tables: Tailor your compensation structures for different parts of your organization. Whether it’s equity plans for Engineering, incentive-based packages for Sales, or hourly wages for Support, you can define compensation tables that meet the specific needs of each group.
  

   

   

• Customizable Approval Chains: Create approval workflows based on your organization’s hierarchy, compensation triggers, and more. These approval chains ensure that every compensation change is reviewed and approved by the right stakeholders before implementation.

• Comparisons for Pay Equity: Ensure fairness and alignment with your pay philosophy by comparing compensation packages to existing peer employees and range data within Pequity. This feature promotes pay equity across the board.
• Robust Permissions and User Controls: Ensure that only the right people have access to sensitive compensation information. With strong permissions and user access control, you can keep your data secure and manage who sees what.
• Streamlined Notifications and Activity Tracking: Stay on top of the approval process with automatic notifications and a detailed activity chain. This keeps your team informed and helps speed up decision-making, reducing bottlenecks and improving overall efficiency.

Key Use Cases for Pequity Approvals

Pequity Approvals is designed to meet the needs of organizations of all sizes, making compensation management easier, faster, and more efficient. Here are some of the key ways your team can benefit from this powerful platform:

• Candidate Offers: Build competitive offers that align with your compensation philosophy, and send them through predefined approval workflows to ensure alignment with internal budgets and practices.
• Promotions: Handle employee promotions with ease by comparing their new compensation packages to peers and historical data, while ensuring equity across your workforce.
• Internal Transfers: Seamlessly manage internal transfers, ensuring compensation changes are aligned with both departmental and organizational pay structures.
• Off-Cycle Adjustments: Need to make a one-off or off-cycle compensation change? Pequity Approvals makes it easy to adjust, review, and approve changes outside of regular cycles

Why Choose Pequity Approvals?

At Pequity, we understand the challenges of managing compensation across various teams, roles, and regions. That’s why we’ve built Pequity Approvals to solve your biggest pain points. Our platform not only saves you time by automating and streamlining processes but also saves your company money by ensuring all compensation decisions stay within budget and within the boundaries of your compensation philosophy.

Ready to Transform Your Compensation Process? 

Pequity’s compensation Approvals is the solution your team needs to manage compensation with confidence and ease. Get in touch today to learn how we can help you streamline your compensation workflows and build a more equitable, efficient organization.