GovInvest Solutions for the Public Sector
1. Live Compensation Software
Empower Your Workforce in Real-Time: Unleash the Power of Live Compensation Management
Real-Time Data Analysis
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.
Compensation Benchmarking
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.
Agency Comparisons
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.
2. Labor Costing Software
Spend less time crunching numbers and validating results. Labor Costing gives agencies the ability to modify employee groups, track costs individually, measure total compensation, and confidently validate results for trust-based decision-making.
Total Compensation Analysis
Empower your organization with Total Compensation Analysis, a feature-rich component of our Labor Cost Analysis module. Understand the complete picture of employee compensation, from salaries and benefits to bonuses and special pays. Make informed decisions that align with your budgetary goals and employee retention strategies.
Dive deep into salary structures, ensuring equitable and competitive compensation for all employees. Assess the impact of benefits on overall compensation, allowing for strategic adjustments. Align compensation strategies with budgetary goals for a balanced financial approach.
What-if Scenarios
Our Labor Cost Analysis module includes powerful What-If Scenario tools to help you plan for the future. Explore various scenarios, anticipate changes, and make informed decisions based on hypothetical situations.
Predict the impact of changes on your labor costs, allowing for proactive budget planning. Test different variables such as salary adjustments, workforce changes, and benefit modifications. Identify potential challenges and develop contingency plans through scenario analysis.
Data-driven Decisions
Our Labor Cost Analysis module is built on the foundation of data-driven decision-making. Leverage actionable insights and analytics to guide your organization towards strategic and informed choices.
Access up-to-the-minute data for immediate decision-making. Generate detailed reports for a thorough understanding of labor costs. Navigate a customizable interface tailored to display the most relevant metrics.