Once enabled, Total Compensation will always be visible to employees. Therefore, keeping the data as up-to-date as possible is essential to ensure maximum accuracy.
Pay data (base, variable, bonus)
Lattice recommends syncing with your HRIS to ensure it stays updated with the latest pay data. Otherwise, admins must manually upload pay data with new changes.
Learn more in Integrate Your HRIS with Lattice and Auto-sync Compensation Default Fields with an HRIS.
Compensation bands
Comp bands must be updated manually when there's a change in band or employee assignments.
Learn more in Compensation Bands Page Overview.
Equity
Equity must be uploaded manually when new additions are made. Generally, companies only issue equity a few times a month (e.g., around board meetings), so Lattice would only need to be updated then.
Learn more in Upload and Edit Equity Grant Data via CSV.
Equity value
Equity value must be updated when an equity event might result in a change in share price (e.g., a new funding round). Generally, updating value is done rarely.
Learn more in Configure Equity Events.
Equity scenarios
Equity scenarios must be updated if admins want to update the Total Compensation employee view. Scenarios allow employees to see the potential future value of their equity.
Learn more in Configure Equity Scenarios.