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CompIQ

CompIQ

CompIQ is a company that provides compensation bench-marking founded by RC Willenbrock.

CompIQ is a company that offers compensation bench-marking using artificial intelligence. The company was founded in 2015 by Adam Zoia and RC Willenbrock, in New York, United States.

The company uses data science and machine learning to create a toolkit for the compensation process. The machine learning algorithms utilize an extensive database of compensation numbers to support the platform, allowing employers to analyze how much employees should be paid individually. It recognizes several different variables such as AUM, performance, staffing intensity, peer group competitive dynamics, and each employee's roles and responsibilities.

The platform gives real-time data and automatic data analysis and reporting about events, partnerships, candidate data, public data, and company data. The goal of the platform is to align job descriptions, optimize human capital management, analyze payment practices, map functional titles to understand specific employee responsibilities, and automate compensation practices.

Funding
Seed

In March 2016 CompIQ announced raising $2.5 million in seed funding from Glocap and Soros Capital.

Timeline

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
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CompIQ

Web

VA.gov | Veterans Affairs

Compensation and Pension Service

Web

References

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