Thanks for stopping by, we're so glad you decided to check us out.
A number of people have been wondering what I've been up to over the last year. Well, now you know! Apologies for keeping most of you in the dark, but we've been busy. More on that later....
The last year has been probably the most rewarding of my career as I've been able to do multiple things that I love: geek out about market pricing, talk to dozen of customers about their real needs, and work with with people that I love. Hearing from customers was probably the most impactful, hearing what they really want to get out of the technology to solve their problem, and hearing it away from the bias that creeps in if a sales process is involved.
You may be asking yourself, "Self...how is BetterComp a new company but they were able to talk to dozens of customers?" Great question!
One of the things I've been fortunate enough to accumulate over the last 20 years is a great set of relationships in the world of compensation. Many of you have become my friends, Facebook friends, Instagram friends, etc. and that let us keep relationships going over nearly 2 decades. Heck, a few of you even got invited to my wedding (sorry if you didn't make the cut, the cake was really good).
What became clear after dozens of conversations was that people wanted something Better. They didn't want a "revolution", they wanted Better ways to get their work done. There were many areas getting in their way of realizing all the value they could, but they knew they could get there with a Better solution.
I'll get to what we learned, but first some background: Each customer we spoke with had multiple surveys from multiple vendors - really good data sources like Radford, McLagan, Mercer, Willis Towers Watson, Culpepper, etc. Each customer also had an existing market pricing system in place like Salary.com's CompAnalyst, PayScale's MarketPay or PayFactors Survey Management, and each solution was represented, some more than others, but we heard from a few customers from each vendor.
What was fascinating to me was that the feedback was the same, regardless of industry, size, or what system they used. Everyone had the same issues. This includes:
With this in mind, we set up building a new way to market price, a Better way to market price. I'd love to tell you more here but the competition is probably just as curious as you are so I'll just leave you with this - it's SO much Better. It's Better for customers, it's Better for survey providers, it's Better for consultants, it's Better for us, supporting our customers.
As one of our customers put it: "It's just...Better."
Alan, Co-Founder and CEO
BetterComp is the only platform designed from the ground up around improving your compensation market pricing process. We make your process...Better.
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