Prevent Voluntary Turnover
Don’t lose great employees. PayDestiny makes it easy to retain employees hungry for career growth.
56% of employees that voluntarily turnover say something could have been done to retain them.
~ Source: Gallup
Gift every employee free access to PayDestiny’s career growth software. Give them an automated career coach to build their skills and confidence to improve performance, get noticed, get promoted, and increase pay. Empower them to be their best and grow with your company.
Build Salary Ranges
Set Promotion Metrics
Create Career Paths
Communicate Pay and Promotion Opportunities
Empower employees with easy to understand transparent career paths, pay matrices, and promotion matrices. Eliminate the perception of being underpaid or overlooked.
Increase employee retention.
Save money on employee turnover. A 100-person organization that provides an average salary of $50,000 can have turnover costs upwards of $2.6 Million per year.
~ Source: Gallup.
Get Extra Help and Custom Resources
Short on time? First time figuring out what to pay? Not sure what metrics determine that a promotion is merited? We’ve been there.
We can build your transparent pay and promotion pay matrices for you and/ or fuze the expertise of your team and ours to create solutions based on the needs of your business, such as:
- Employee skills workshops to get noticed, get promoted, and increase pay,
- Clear job descriptions with measurable success metrics,
- Employee career paths,
- Data based pay matrices,
- Data based promotion matrices,
- Processes to issue pay raises and promotions using data based matrices,
- Training for managers and leadership to learn how to use data, matrices, and processes to make unbiased pay raise and promotion decisions,
- Internal and external communication that highlights opportunities for career advancement and equitable pay,
- Internal and external communication that highlights systemic diversity and inclusion practices,
- And, more!
Use promotion matrices to facilitate the development of authentically diverse leadership teams.
Companies with diverse management teams report 19% higher revenue due to innovation.
~ Source: Boston Consulting Group
Set Your Business Apart
Put diversity, equity, and inclusion philosophy into practice. Add PayDestiny to your workplace to implement operational processes that create opportunities for every employee.
Set your business apart with tools that:
✓ Utilize performance data to facilitate unbiased compensation and promotion decisions,
✓ Create pay parity and eliminate wage gaps,
✓ Increase the representation of women in leadership positions,
✓ Increase the representation of Latinx employees leadership positions,
✓ Increase the representation of Black employees leadership positions,
✓ Increase the representation of employees with disabilities in leadership positions, and
✓ Increase the representation of LGBTQ employees in leadership positions.
Ready to learn more?
Get in touch below.