LaborIQ Features
What are the features of LaborIQ?
Platform
- Customization
- Compensation History
- Automated Compliance
- Reporting Capabilities
- Compensation Data Management
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Technology Glossary Features
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LaborIQ Categories on G2
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Platform
Customization | Based on 10 LaborIQ reviews. Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views. | 78% (Based on 10 reviews) | |
Integration APIs | 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. | Not enough data | |
Internationalization | Enables users to view and transact business with the same content in multiple languages and currencies. | Not enough data | |
User, Role, and Access Management | Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. | Not enough data | |
Performance | Is consistently available (uptime) and allows users to complete tasks reliably. | Not enough data | |
Mobility | Is accessible from a mobile device and by users on the go. | Not enough data | |
Reporting | Provides analytics tools that reveal important business metrics and track progress. | Not enough data | |
Dashboards | Has a centralized dashboard for users to interact with. | Not enough data | |
Reward Structuring | 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. | Not enough data | |
Event Management | Coordinate new hire, transfer, promotion, and termination events within the system using rules to automatically facilitate the associated compensation adjustments. | Not enough data | |
Workflow Automation | 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. | Not enough data | |
Compensation History | See feature definition | Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making. This feature was mentioned in 10 LaborIQ reviews. | 77% (Based on 10 reviews) |
Automated Compliance | As reported 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. | 72% (Based on 10 reviews) | |
Performance Management Integration | Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures. | Not enough data | |
Embedded Analytics | 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. | Not enough data | |
Reporting Capabilities | 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. | 87% (Based on 10 reviews) | |
Compensation Data Management | See feature definition | 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. | 85% (Based on 10 reviews) |
Internationalization | Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system. | Not enough data |
Basic Features
High level regression analysis | Compares cohorts with complex, customizable logic for deeper analysis. | Not enough data | |
Dashboard | Contains customizable dashboard enabling users to visualize pay gaps. | Not enough data |
Risk Mitigation
Budgeting | Forecasts potential budgets necessary to remediate pay inequities. | Not enough data | |
Legislation | Tracks legislative updates and provides reporting necessary for local, regional, or international government authorities. | Not enough data | |
Regression analysis | Facilitates the creation of a step-by-step action plan to correct potential legal breeches, mitigate risk, and provide DEI training to employees. | Not enough data | |
Reporting | Prepares reporting for EEO-1, ACA compliance, OFCCP, and other industry audits. | Not enough data |
Analytics
Benchmarking | Provides industry benchmarks and comparative reports. | Not enough data | |
Retention | Analyzes turnover and retention in relation to diversity intiatives. | Not enough data |
Benchmarking and Equity - Compensation Management
Benchmarking Data | Displays and compares pay equity information, comparing the parity of pay across demographics. | Not enough data | |
Pay Equity | Comes with native pay equity module or capabilities. | Not enough data | |
Salary Bands | Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization. | Not enough data |
Core Features - Salary Benchmarking Software
Dashboard | Presents customizable compensation dashboards with data visualizations. | Not enough data | |
Industry Benchmarking | Sets compensation benchmarks based on data from industry competitors. | Not enough data | |
Hierarchy | Includes pay or crediting rules to organize salary structure into relevant hierarchy. | Not enough data |
Auditing - Salary Benchmarking Software
Reporting | Enables users to create customized reports on compensation packages for auditing purposes. | Not enough data | |
Accuracy | Checks accuracy and transparency of data for auditing purposes. | Not enough data |
Advanced Features - Salary Benchmarking Software
Structure | Includes pay rules to organize salary structure into relevant hierarchy. | Not enough data | |
Offer Letter | Automaticaly generates an offer letter or autofills an offer letter template containing appropriate salary and benefits details. | Not enough data | |
Salary Survey | Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks. | Not enough data | |
Equity | Provides equity benchmarking for organizations that offer such benefits. | Not enough data | |
AI | Uses AI to project an appropriate salary based on job description or other datasets. | Not enough data |
