Jason Krantz
Founder
Labor Titan
This company provides a cloud-based platform for compensation benchmarking, forecasting, and management. It offers HR and finance teams timely market wage data and predictive analytics to aid in strategic workforce planning. The service simplifies complex compensation analysis by automating data updates and providing clear, actionable insights.
- Data & Analytics
- Enterprise Software
- HR Technology
- Software Only
Updated 6 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
HR and finance professionals often struggle with making informed compensation decisions due to a lack of timely market data and difficulty in forecasting future wage trends. Managing compensation using spreadsheets is tedious, error-prone, and lacks the real-time insights needed to effectively manage personnel costs and retain talent.
Solution
Labor Titan provides a cloud-based platform that simplifies compensation benchmarking, forecasting, and management. The platform delivers current-month market wage data, enabling users to benchmark salaries quickly and easily. It also offers 12 and 24-month wage forecasts, helping organizations plan their largest P&L cost with confidence. Labor Titan centralizes the compensation management process, eliminating the need for spreadsheets and providing a single location to load, map, and host internal jobs and pay data.
Target Audience
The primary target audience includes HR professionals, finance teams, recruiters, franchise operators, industry associations, and professional services firms involved in compensation management, labor cost planning, and site selection.
Features
- Access to current-month market wage information for compensation benchmarking
- 12 and 24-month wage forecasts to aid in financial planning and budget management
- Cloud-based platform for managing all components of compensation benchmarking and planning
- Ability to map internal jobs to standard occupation codes
- Tools for selecting specific metro areas and work levels for accurate wage comparisons
- Automated monthly updates to benchmarking figures
- Integration of descriptive, diagnostic, predictive, prescriptive, and automated compensation analytics