Workday and Compa Partner to Revolutionize Compensation with Real-Time Data
Partnership Will Put Compa’s Market Intelligence Data at the Fingertips of Workday Customers, Empowering Them to Make Competitive, Data-Driven Hiring Decisions and Foster Pay Equity
Workday, a leading provider of solutions to help organizations manage their people and money, and Compa, the leading provider of software-delivered market data, announced a partnership to bring Compa’s real-time market intelligence directly into Workday, helping companies make more informed pay decisions to attract and retain top talent.
Compa’s market intelligence will replace yearly compensation surveys, which can quickly become outdated and inaccurate, making it difficult for companies to offer competitive compensation packages. This partnership will give joint customers access to Compa’s real-time compensation data directly in the Workday platform, helping them make more informed, competitive job offers.
“In today’s competitive labor market, attracting and retaining top talent is a critical challenge for companies, and access to real-time compensation data can be a game-changer,” said Cristina Goldt, general manager of workforce and pay, Workday. “With this partnership, we’re empowering Workday customers to make informed pay decisions that attract and retain top talent, giving them a strategic edge in the war for talent.”
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Through this partnership, organizations will be able to:
- Create talent-winning job offers. HR and hiring managers can see relevant market data – right in their flow of work – as they create job offers and review job changes. This not only enables them to write job offers that get the candidates they want, but it also reduces the time spent.
- Improve internal mobility strategies. Organizations can make sure their internal pay for promotions matches what they would offer new hires, helping them keep their employees engaged and motivated.
- Promote pay equity. Organizations can leverage current market data to fairly compensate their employees from day one.
“Companies need new ways to stay competitive in today’s tight market,” said Charlie Franklin, co-founder and chief executive officer, Compa. “Our partnership with Workday will help organizations make better, faster pay decisions based on more accurate data.”
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