Assemble is a compensation management platform that automates and streamlines the compensation planning process. Meaning, that the platform serves to help forward-thinking teams with managing and analyzing their compensation data company-wide. Assemble’s platform is designed to be user-friendly and intuitive, allowing HR and compensation teams to create, understand, and deploy packages accordingly. Assemble’s platform also offers robust analytics and reporting capabilities, allowing teams to gain insights into their compensation data and make data-driven decisions. So whether you are an HR professional, sales leader, or C-suite executive, Assemble can help your company build transparent standards when it comes to rewarding employees financially.
What Is Assemble Used For?
When you think about Assemble, there are three primary use cases in which a company would use this product. Let’s dive in and learn about what each one stands for below.
- Simplify Compensation Management
- Empower Employees
- Analyze Compensation Data
First and foremost, Assemble intends to simplify compensation management in several ways. The most notable way is through the automation of many of the tedious tasks associated with compensation planning. For example, Assemble allows HR and compensation teams to easily set up compensation plans and automatically calculate bonuses, merit increases, and equity grants. This frees up valuable time for HR and compensation teams, allowing them to focus on more strategic initiatives.
Next, a second use case for the platform is to empower employees across an organization by providing transparency and visibility into the compensation planning process. With Assemble, employees can easily view their compensation plans and understand how their performance impacts their compensation. This transparency helps to build trust and engagement among employees, leading to higher levels of job satisfaction and retention.
Finally, the last way Assemble can be used is to enable a data-driven analysis of compensation data. Assemble’s platform offers robust analytics and reporting capabilities, allowing teams to gain insights into their compensation data and make data-driven decisions. For example, Assemble’s platform allows teams to easily identify outliers and ensure equity across the organization. In addition, the platform also allows teams to track the effectiveness of their compensation plans and make adjustments as needed.
Who Uses Assemble?
Currently serving hundreds of companies in over 95 countries worldwide, Assemble has a global reach. It has been gaining popularity among companies of all sizes that range from the growth stage to the enterprise level. Not only that, but the cloud-based solution is used by several popular companies like Merge, Kandji, VSCO, ServiceTitan, Sourcegraph, and a plethora of others. So, needless to say, it has been able to help a wide range of high-performing teams make better compensation decisions to support their talent.
In addition to helping early-stage, public, and multinational businesses, Assemble has been able to serve many industries across the board. These industries include but are not limited to:
- Financial Services
What Does Assemble Do?
One of the primary capabilities of Assemble is its ability to create job architectures and compensation bands. A job architecture is a framework that defines the roles, responsibilities, and requirements for each position within an organization. On the contrary, compensation bands are a range of salaries that correspond to each job level.
With Assemble, businesses can create customized job architectures and compensation bands that align with their unique needs. This allows them to set salaries and benefits that are fair and competitive, while also creating a clear career path for employees. Ensuring that their key stakeholders make informed decisions about hiring, promotions, and pay raises with confidence.
Another thing that the platform does is offer a visualization tool that enables businesses to track and manage their human capital investments. This tool provides a clear overview of employee compensation, benefits, and other investments in human resources. Which can lead to the identification of trends, gaps, and opportunities for improvement in human capital management.
Aside from visualization efforts, addressing pay equity is another critical issue for businesses, as it ensures that employees are paid fairly based on their qualifications and experience, rather than their gender, race, or other factors. Assemble provides a pay equity analysis tool that enables businesses to identify and address potential pay disparities.
The pay equity analysis tool uses data to determine if there are any pay gaps between different groups of employees. It also provides actionable insights for businesses to address any pay disparities and promote greater equity in compensation.
Finally, one of the last things that Assemble does is provide businesses with a tool to communicate total compensation with transparency. This tool enables employees to understand their total compensation package, including salaries, bonuses, benefits, and other perks.
- Create job architectures and compensation bands.
- Visualize human capital investments across an org.
- Identify opportunities to promote pay equity.
- Communicate total compensation with transparency.
How Does Assemble Work?
To develop a better understanding of the platform, let’s take a look at how Assemble works from sign-up to feature implementation.
- Setting up Assemble: The first step in using Assemble is setting up your account. To get started, you’ll need to create an account by providing your email address and creating a password. Once completed, you’ll need to set up your organization by adding your company’s name, location, and other relevant information.
- Creating a compensation plan: The next step is creating a compensation plan. This involves designing a plan that outlines how your organization will compensate its employees based on factors such as job responsibilities, performance, and experience. Generally, this can be accomplished through the platform’s pre-built templates.
- Adding employees to Assemble: Once you’ve created your compensation plan, the next step is to add your employees to the service. This involves entering basic employee information such as name, job title, and department into the platform. From there, you can assign roles and permissions to each employee, which helps ensure that only authorized personnel can access sensitive compensation data.
- Adding salary data: After you’ve added your employees to Assemble, the next step is to add salary data. This involves entering data such as base salary, bonus, and other compensation information for each employee. Assemble provides tools for importing salary data through various integrations that make it easy to get up and running quickly.
- Creating salary adjustments: The next step is to create salary adjustments. This involves making adjustments to individual salaries based on factors such as performance, promotions, and cost of living adjustments. A company can model and test different salary adjustment scenarios, which helps ensure that an organization is making informed decisions about compensation.
- Analyzing compensation data: After you’ve created salary adjustments, the final step is to analyze compensation data. This involves using Assemble’s powerful analytics tools to identify trends, compare compensation data against benchmarks, and make data-driven decisions about compensation.
This cloud-based compensation management solution provides several different features for companies to benchmark. From pay equity and pay transparency compliance to compensation planning and job architectures, Assemble helps teams to deliver in-house strategies to attract and retain their best employees.
|Employee Portal||Assemble Foundations|
|Pay Equity & DEI||Compensation Planning|
|Illustrative Offers||Pay Transparency Compliance|
What Does Assemble Integrate With?
With over 36+ integrations possible, Assemble provides companies with the ability to incorporate their compensation information from various sources. If you visit their website, you can learn more about what integrations they offer. In general, they primarily provide integration access to Applicant Tracking Systems (ATS), Human Resources Information Systems (HRIS), and Cap Table companies.
- Bamboo HR
Who Are Assemble’s Competitors And Alternatives?
For a better understanding of how Assemble’s platform compares to others throughout the market, we have curated a list of some of the top-performing alternatives to the platform. Take a look below and learn more about the competitors in the compensation management space.
- Salary.com: A comprehensive database that provides prospective and current employees with accurate, up-to-date salary information.
- Lattice: This service is a performance management system that includes the ability for teams to manage compensation for their teams.
- Workday: Leverages human capital management to help HR personnel with managing pay standards.
- Payfactors: Scalable compensation technology that adapts to ever-changing market needs.
Assemble does not clearly state subscription prices on its site. Their team encourages interested parties to fill out a form and request a demo for further information. By requesting a demo and meeting with an aligned sales representative, Assemble can help understand, in detail, the compensation challenges that companies are facing currently. From there, a more tailored pricing package can be constructed to meet your needs.
|Pricing:||Request a demo.|