Pay Competitively, Plan Strategically
Compensation is your most powerful lever for attracting and retaining talent. Workisy gives you market benchmarking, budget modeling, pay equity analysis, and structured approval workflows — so every dollar you spend on compensation drives maximum impact.
Compensation Planner
FY2026 Merit Cycle
6.2%
across 5 employees
$668k
annualized
$40k
9% of pool
Features
Powerful Capabilities, Built for Scale
Every tool you need to run a world-class operation, from day one to enterprise scale.
Salary Benchmarking
Compare your compensation packages against real-time market data from millions of data points. Identify underpaid roles and adjust proactively to retain your best people.
Budget Modeling
Model compensation scenarios across departments with configurable merit increase pools, bonus budgets, and equity allocations. See the total cost impact before committing a single dollar.
Pay Equity Analysis
Surface pay disparities across gender, ethnicity, tenure, and role using statistical regression analysis. Workisy identifies gaps and recommends targeted adjustments to close them.
Merit & Bonus Cycles
Run structured compensation review cycles with manager worksheets, budget guardrails, and multi-level approval chains. Performance ratings and compa-ratios guide fair, data-driven decisions.
Total Rewards Statements
Generate personalized total rewards statements that show employees the full value of their compensation — base salary, bonuses, equity, benefits, and perks — in one clear document.
Pay Band Management
Define and maintain salary ranges for every job level and geography. Automated alerts flag employees who are approaching or exceeding band limits so you can take proactive action.
Compensation Analytics
Dashboards visualize spend by department, compa-ratio distributions, merit increase trends, and budget utilization. Export-ready reports help you tell the compensation story to leadership.
Confidentiality Controls
Granular access controls ensure compensation data is visible only to authorized stakeholders at each stage of the planning process. Audit logs track every view and change.
How It Works
Up and Running in Three Simple Steps
Benchmark & Plan
Import your current compensation data, benchmark against market rates, and define merit increase budgets and bonus pools for each department. Workisy highlights where you are competitive and where you are at risk.
Recommend & Approve
Managers receive guided worksheets with employee performance data, compa-ratios, and budget constraints. They submit recommendations that flow through configurable approval chains up to finance and the executive team.
Communicate & Measure
Approved changes sync to payroll, personalized total rewards statements are generated, and analytics dashboards track the impact of your compensation investments over time.
Results That Speak for Themselves
Measurable Impact on Your Business
Reduction in Attrition
Pay Equity Compliance
Faster Cycle Completion
FAQ
Frequently Asked Questions
Ready to See It in Action?
Book a personalized demo and discover how Workisy can transform your operations in weeks, not months.