LaborIQ is an innovative compensation benchmarking and labor market analytics solution in the Compensation Management Software category. The platform bridges the gap between labor market trends and salary analysis by leveraging a vast, dynamic dataset, enabling organizations to align their compensation strategies with current market demands. LaborIQ’s unique methodology combines survey data with localized labor market dynamics and forecasting, which allows HR professionals to accurately assess more than 20,000 jobs nationwide—even in areas with traditionally small sample sizes.

Designed with user experience in mind, LaborIQ offers an intuitive interface that significantly reduces the time spent on compensation planning. The platform delivers real-time insights derived from an extensive database of over 16 trillion data points. This comprehensive approach provides companies with accurate salary recommendations—backed by advanced economic analysis—to support strategic decisions in attracting and retaining top talent. Furthermore, when a specific job benchmark is not available, LaborIQ adds the role free of charge, ensuring that no organization is left behind.

Why Use LaborIQ?

• Accurate and Timely Data: With continuously updated labor market analytics, LaborIQ delivers the most current salary information, ensuring competitive compensation packages that meet evolving market needs.
• Comprehensive Job Coverage: Covering over 20,000 job roles across the U.S., the platform’s robust methodology allows for detailed analysis even in niche markets or locations where traditional survey data may be limited.
• Efficient Compensation Planning: The easy-to-use interface and automated features shave weeks off the traditional compensation cycle by providing streamlined and reliable insights right at your fingertips.
• Customization and Flexibility: Organizations can tailor the platform to align with their unique compensation structures and benchmarks, ensuring that specific industry or organizational needs are met efficiently.

Key Benefits

• LaborIQ empowers HR teams to make strategic decisions with confidence, backed by rigorous economic forecasting and in-depth labor market analysis.
• The platform’s design promotes agility in compensation planning, making it easier to adjust salary structures as market conditions change.
• By integrating diverse data sources, LaborIQ eliminates the challenges of relying solely on historical survey data, thereby offering a future-focused perspective on compensation trends.

Whether you are an HR professional focused on pay equity or a business leader aiming to maintain a competitive edge in talent acquisition, LaborIQ offers a robust solution to confidently navigate today’s complex labor market. Discover exclusive offers and more details on the deals page.

Alternatives

• UKG Pro
• Workday HCM