Empower Your Workforce in Real-Time: Unleash the Power of Live Compensation Management
Welcome to the heart of our Live Compensation Module — Real-Time Data Analysis. This feature provides you with instant insights into your workforce's compensation dynamics, allowing for informed decision-making and strategic planning.
View and analyze compensation data as it happens, ensuring you are always working with the latest information. Tailor your analysis to focus on specific areas of compensation, such as salary, benefits, special pays, and more. Navigate user-friendly dashboards that make complex data easy to understand, empowering you to make quick, data-driven decisions.
Our Live Compensation Module includes robust compensation benchmarking tools, empowering your organization to stay competitive in the market. Compare your compensation practices against industry standards, ensuring that your workforce is rewarded competitively.
Access locality-specific compensation benchmarks to gauge your competitiveness. Compare compensation for specific roles against industry averages. Identify emerging trends in compensation practices within the public sector.
Our Live Compensation Module allows you to compare compensation practices with other agencies in your locality. Identify best practices, assess competitiveness, and optimize your compensation strategy to attract and retain top talent.
Benchmark compensation against agencies within your locality. Learn from successful agencies and incorporate best practices into your compensation strategy. Tailor comparisons based on specific criteria such as size, location, and position.
Our Live Compensation Module includes powerful tools for budget allocation, planning, and negotiations. Empower your organization with dynamic budgeting capabilities and strategic negotiation support to ensure financial success.
Adjust compensation budgets in real-time based on organizational needs. Plan for future compensation changes with comprehensive tools. Access data-driven insights to facilitate strategic compensation negotiations.
“It’s not just an actuarial valuation … others can do that … the customized software, the data, educational webinars, and the fact that we have experts available to us when called upon is really valuable and sets GovInvest apartfrom the rest.”
"The time savings has been huge. Before working with GovInvest, if we wanted to model our pension obligation it could take three or four months. Now, we've reached that point of clarity that we can present this information to our board with confidence. GovInvest has given us accurate data at our fingertips in a clear, easy-to-understand and visual way"
"GovInvest has enabled our city to bring our processes for managing pensions out of the dark ages. The software paid dividends during our recent conversation around modeling and analysis regarding potentially issuing Pension Obligation Bonds. GovInvest was an integral part of our evaluation, communicated with us weekly and the expertise proved vital. This is a company that takes the stress, cost and time out of financial forecasting on a massive scale."
"I WOW’d everyone at negotiations. I was able to quickly cost out the union’s very expensive proposal."
"GovInvest has been a phenomenal tool to validate data, as well as increase transparency and trust with our labor union groups. Having access to a team of experts who are focused on financial forecasting and deliver a concierge service has been the greatest benefit. As a client, it has also provided a resource of city best practices available at our fingertips."
"I wanted to reach out and thank you all for your assistance and expertise. It was greatly appreciated. The analyses you had provided and the model itself were instrumental in helping get a state budget passed this year. For once, the pension outlook in CT looks promising - we’ll be contributing roughly 7% of the unfunded liability into the system next year. Looking forward to our training session over the summer."
"The software has allowed us to provide labor costing while in negotiations. After showing the costing with labor groups, there is more trust in the city’s calculations for their proposals."
"The software is very user-friendly, and staff is very helpful in assisting with questions and helping to better understand the software data."
