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 equity across organizations.
Lattice, the leading people management platform for businesses with people-first cultures, today announced its continued focus in creating transparent, aligned employees and companies with new products and services targeted at bridging the gap between People operations and business operations.
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“Companies and their employees need to align on outcomes in order to ensure everyone is heading in the right direction and feels set up for success,” said Jack Altman, CEO of Lattice. “We know there’s tremendous power in connecting the work we do to the value it drives for organizations, and that individuals need a source of truth to ensure we’re making sound decisions and driving results.”
Unlike most HR tools that are designed with a singular compliance or process-related focus in mind, Lattice’s new products incorporate a people-centric methodology which allows companies to better understand and support employees.
Expanding on their current solution, Lattice Goals & OKRs supports teams in setting stronger, more strategically connected goals that drive adoption of OKR (Objectives & Key Results) programs, increase employee performance, and boost engagement. This visibility and understanding allows business leaders to align their people around their company’s strategic priorities and activate every employee to execute against those missions. By helping teams operationalize their goals, People leaders can enable alignment and the results that drive companies to achieve business success.
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A new strategic focus, Lattice Compensation empowers People teams to develop compensation practices that are clear, equitable, and 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 an employee’s performance information into the decision-making process. To facilitate clear and meaningful conversations about compensation, managers and company leaders will have insight into individual and team-wide 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 insight to employees and managers, enabling greater operational efficiency that feels more connected around the human side of HR.
“Companies have been trying to operationalize goals 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.”