-Lattice Announces Innovative Compensation Goals and Products to Link Employee Success to Business Impact and Bridge the Gap between People Operations and Business Operations
As Companies Struggle to Align and Engage Employees in the New World of Work, Lattice Introduces New Strategic Capabilities to Increase Operational Efficiency, Transparency and Fairness across Organizations
Lattice, the leading people management platform for companies with people-first cultures, announced that it continues to focus on creating transparent and aligned employees and companies. new products and services aimed at bridging the gap between people’s operations and business operations.
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“Companies and their employees need to align with results to ensure that everyone is heading in the right direction and feels set for success,” said Jack Altman , CEO of Lattice. “We know that there is tremendous power in connecting the work we do with the value that drives organizations, and that individuals need a source of truth to ensure we are making sound decisions and driving results.”
Unlike most HR tools that are designed with a singular compliance or process-related focus, Lattice’s new products incorporate a people-centric methodology that enables companies to better understand and support employees.
Extending its current solution, Lattice Goals & OKRs help teams set stronger, strategically connected goals that drive adoption of OKR (Key Goals and Results) programs, increase employee performance, and drive engagement. This visibility and understanding enables business leaders to align their people around their company’s strategic priorities and activate each employee to execute those missions. By helping teams operationalize their goals, People leaders can enable alignment and the results that drive companies to business success.
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A new strategic approach, Lattice Compensation, enables People teams to develop compensation practices that are clear, fair, and that recognize and reward employees for their work. Within the Lattice platform, HR teams will be able to manage the compensation review process in a secure, centralized hub that seamlessly integrates information on employee performance into the decision-making process. To facilitate clear and meaningful conversations about compensation, company managers and leaders will have insight into individual and team compensation trends, and employees will be able to view their own compensation information in their Lattice accounts.
Together, these two additions to the Lattice platform will offer deeper insights to employees and managers, enabling greater operational efficiency that feels more connected around the human side of HR.
“Companies have been trying to operationalize targets and compensation for years,” said Josh Bersin , global industry analyst. “By connecting OKRs with compensation tools, platforms like Lattice can help fast-growing companies keep their compensation strategies fair, transparent and equitable.”
Greater visibility and fairness will give both HR leaders and people managers a deeper insight to make informed decisions, and will make operational HR tasks feel more personalized for each employee. Lattice’s new products help broaden the focus of connecting the work employees do with the value it creates for organizations, as well as providing a source of truth to ensure that both employees and managers are making the right decisions and driving business. results.
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