Employee Compensation
PeriscopeCOMP and PeriscopeCODA
Engaged employees lie at the heart of an organization’s success, and competitive compensation is crucial to employee motivation and retention. What is competitive depends on a wide range of factors that are specific to the type of job, set of job skills and local market conditions. What is needed is a strategic view of compensation that segments jobs by its impact on the business outcome, and sets compensation levels at a very discrete level. Our analysis indicates that organizations can save significant money, running into tens or hundreds of millions of dollars, by adopting such a strategic view.
Competitive compensation or market pricing lies at the core of development of a strategic compensation system. PeriscopeCOMP provides the most advanced compensation survey system to collect and analyze compensation data from similar organizations locally and nationally. PeriscopeCODA is a breakthrough in compensation survey reporting and analytics that brings unprecedented capabilities in compensation data accuracy, reporting, analytics, individualization, and on-demand access. Case studies show that PeriscopeCOMP and PeriscopeCODA save 80%+ time and costs in collecting and analyzing data, while improving data quality multiple times over relative to traditional approaches.
PeriscopeCOMP and PeriscopeCODA deliver:
Highest Integrity Data
The whole purpose of the surveys is about delivering valid, reliable market pricing data that the users can utilize with great confidence. However, most of the current survey data and analytics fail these tests. That is why we have introduced a number of innovations such as Adaptive Multi-dimensional Grids, in-situ validation, cross-validation, Dominance Diffusion, Sample Error Fencing, Strategic Opportunity Value, Next generation On-demand Analytics that deliver the highest quality of data in the compensation survey space.
PeriscopeCOMP offers a wide range of deployment options and options to submit data online or via excel sheets or a combination of both to assure that users are able to submit data with confidence.
In-situ Validation
The best survey data is one that is accurate at the source and requires little or no cleaning. Cleaning is labor and cost intensive. PeriscopeCOMP offers multiple avenues to reduce or eliminate data errors within the survey itself. Our survey design options, including advanced skips and piping, individualize survey flow for every participant so that every participant only sees the questions that they need to see. Further, all critical values can be validated in place through definition of ranges or through cross-validation. The fields can be made required to make sure all critical data is supplied, and selectively disabled to not allow incorrect data.
Advanced Data Quality Analysis and Cleaning
Cleaning Genie (TM) in PeriscopeCODA allows data to be analyzed across multiple dimensions (outliers, out of bounds, data range and variability, etc.) to identify data points that need to be checked or verified with the client. Comparative reports allow data comparison, job by job and company by company, with the previous year data to identify large variances. These reports and other analytics cut cleaning time by an average of 80% and increase data quality to a level that has rarely been achieved before. The Cleaning Genie is a big breakthrough in the compensation survey space.
Powerful and Flexible Reporting System
PeriscopeCODA offers a powerful analytics and reporting system. The reporting system includes a wide range of standard templates for report design, and custom templates can be created to fit your company’s specific needs.
The reporting system allows a wide range of options on when to display certain statistics, dominance criterion, different methods to compute percentile statistics, custom percentiles, and data aging options. The system also allows to enable dominance diffusion, sample error fencing, and other innovations pioneered by PeriscopeIQ that take the quality of reports to a new level.
The reports are available in PDF format, Excel file and several other formats.
User Compensation On-demand Analytics
User version of PeriscopeCODA allows direct access to subscriber organizations to analyze the data on their own. Users can access the reporting and analytics system directly, and analyze data instantly in ways that are relevant to their needs. This is the future of compensation data access, and with PeriscopeCODA, that future is now.
Access to Expertise and Thought Leadership
We are more than providers of technology and tools. We are thought leaders and innovators, and we offer the widest range of solutions in the compensation space. We share all that expertise including best practices and methodologies with our partner on a regular basis.
