How Aeqium Helps You Build Custom Compensation Reporting and Analysis
Picture this: you’re midway through compensation reviews, and everything's on track—data compiled, managers focused, and recommendations flowing.
Then, your CEO requests mid-cycle reports on average increases, compensation ratios, and spending on top performers.
Instead of building your own internal reporting product and cycle summary, every metric and drill down your stakeholder might want to see, what if dynamic reporting live on your cycle was as accessible in a few clicks?
That's exactly why Aeqium has launched a new reporting toolset designed to help you generate detailed, customized reporting on all things compensation so you can come to every conversation prepared with data.
Our analytics tools allow you to start with broad summaries and drill down into detailed budget data by group in real-time—without the need for manual coding or rigid spreadsheets. This makes it easy to adjust on the fly with stakeholders and saves you time.
To give you comprehensive real-time reporting, Aeqium’s one-click integrations seamlessly connect to your HR tech stack to enable deeper analysis, including:
- Compensation Data: Base salaries, bonuses, equity, and other forms of compensation.
- Performance Data: Employee performance ratings and scores.
- HRIS Data: Employee demographics, role, tenure, department, and location.
And, most importantly
- Outcome Data: The actual live recommendations made by reviewers during the compensation review cycle, including pending salary increases, bonuses, and other adjustments.
You can combine data from these sources to build dynamic reports that are updated in real-time whenever changes are made.
How to Build Compensation Reports in Aeqium
Creating a report in Aeqium is quick and easy:
- Choose an Aggregation Method: Start by selecting the type of data you want to highlight, like an average, sum, or median. For example, if you’re looking at average salary increases, you’d select “average.”
- Select the Data to Aggregate: Pick the field you want to analyze, such as “proposed salary change.”
- Break Down Data: Decide how to categorize the data. Drag and drop fields like “department” or “location” into the report to organize your information.
- Pick a Format: Choose how you want to display your data—options include tables, bar charts, heat maps, and more.
- Filter Unnecessary Data: Remove outliers or irrelevant values to keep your report focused and accurate.
- Generate Your Report: Once everything is set, click “Create Report” to see your data come to life. You can find all your reports on the reports dashboard, ready to view or share with your team.
Examples of Common Compensation Reports Built in Aeqium to Execute and Enable your Program and Talent Strategy.
- Performance-Based Spend Analysis
Performance-Based Spend Analysis looks at how compensation is allocated based on performance. It examines metrics like average salary increases, bonuses, and total compensation across performance categories.
Why it is helpful: It ensures high performers are rewarded, boosts motivation and retention, and aligns compensation with company performance goals.
Best for: Ideal for organizations with pay-for-performance strategies, particularly in competitive industries like tech and finance, where retaining top talent is crucial.
- Compensation Ratio Analysis
Compensation Ratio Analysis examines compensation ratios across teams, levels, or roles. It includes metrics like compa-ratios (employee salary vs. market rate) and internal equity ratios (comparing within the organization).
Why it is helpful: It identifies pay disparities, ensures fair and equitable compensation, enhances morale, and reduces legal risks.
Best for: Maintaining internal pay equity is essential for companies focusing on diversity and inclusion or those undergoing restructuring and growth.
- Geographical and Role-Based Comparisons
Geographical and Role-Based Comparisons examine compensation across regions and roles, including variations in pay by location and comparisons across business units.
Why it is helpful: It ensures consistent and fair pay, aligns with local market rates and standardizes compensation across similar roles.
Best for: Valuable for multinational companies and large organizations with diverse roles, helping them maintain fairness and consistency in compensation policies.
These are a few examples of essential reports. Your organization may require more specific ones. Understanding your data sources and blending them effectively will help you shine through the process.
Enabling Operational Intelligence with Compensation Reports
Ready to build confidence with your stakeholders, enable intelligent decision-making while running lean, successfully execute your talent strategy, and retain key employees?
Sign up for a demo of Aeqium’s compensation reporting and analysis tools today, and we’ll show you exactly how to build the right report for you.
We’ll even configure a complete demo environment for you to get hands-on experience at no cost.
