The startup offers a compensation and benefits platform that provides real-time data analysis and filtering capabilities for HR management, focusing on metrics such as salary, bonuses, and benefits. This enables organizations to gain immediate insights into their compensation packages and develop effective workforce management strategies.
Funding
$17.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Many organizations struggle with effectively managing compensation, benefits, and workforce planning due to a lack of real-time data and integrated tools, leading to misaligned budgets, difficulty in retaining top talent, and potential pay inequities. Traditional methods rely on spreadsheets and inefficient processes, hindering collaboration between HR and finance departments.
Solution
Compete offers a real-time People OS platform that provides data-driven insights for compensation benchmarking, workforce planning, and talent retention. The platform enables HR and finance leaders to analyze employee data, develop comprehensive workforce plans, and foster collaboration through a centralized system. By integrating internal data with external benchmarks, Compete helps organizations identify risks, uncover opportunities, and ensure fair pay practices. The platform streamlines processes from budget allocation to approval, supported by real-time metrics and automated workflows.
Target Audience
The primary target audience includes People and Culture leaders, HR professionals, and Finance teams seeking to optimize workforce planning, compensation strategies, and talent retention.
Features
- Real-time salary benchmarks across various levels, industries, and company sizes
- Insights into over 80 benefits categories for improved hiring and employee satisfaction
- AI-driven analysis to identify gender pay gaps across roles and departments
- Compensation Philosophy module to align target percentiles with company policy
- Integrations with HRIS systems for seamless data upload and ongoing data synchronization
- Approval flows for managing people-related communication and approval chains
- Full access control to empower people leaders and managers with specific data access levels
- Global coverage to manage all global employees in one place
- ISO 27001 & 27701 certifications ensuring data security