The Analytics feature in Figures provides powerful insights into your compensation review process. It allows you to examine key metrics, identify trends, and ensure fairness across your organization. Regular use of these analytics throughout your campaign is crucial for maintaining oversight and making informed decisions.
Accessing Analytics
Navigate to your compensation review campaign
Click on the "Analytics" tab
Main metrics
The Analytics page provides a comprehensive set of KPIs, including:
Review and promotion budgets
Average increase
Percentage of employees receiving an increase
Manual adjustment rate
Promotion rate
Highest and lowest increases
Average compa-ratio
Range penetration
Pay gap analysis
These KPIs offer a quick overview of your campaign's outcomes and help identify trends or issues.
Filtering and grouping data
To dive deeper into your data:
Use the "Filter" option to focus on specific dimensions:
Business units
Managers
Teams
Countries
Any other relevant dimension in your organization
Or use the "Group by" feature to break down data by various factors like:
Gender (to ensure equal treatment)
Department (to compare across different areas of the business)
Level (to analyze progression and pay equity)
Any other relevant dimension in your organization
The flexibility to filter and group by any relevant dimension allows for customized analysis based on your organization's unique structure and needs.
Analyzing specific metrics
Pay special attention to:
Budget utilization: Ensure you're staying within allocated budgets
Manual adjustments: High rates may indicate issues with initial recommendations
Promotion rates: Understand career progression across different groups
Pay gap: Monitor and address any gender or other demographic-based pay disparities
Compa-ratio and range penetration: Ensure salaries are appropriately positioned within ranges
Best practices
Review analytics regularly throughout the campaign to identify and address issues early
Compare metrics across different dimensions to ensure consistency and fairness
Use insights gained to inform current decisions and future compensation strategies
Share relevant analytics with stakeholders to support decision-making and demonstrate the campaign's impact
By effectively using the Analytics feature, you can ensure your compensation review process is data-driven, fair, and aligned with your organization's goals.