Hi, I'm Ben Eubanks, chief research officer at lighthouse research and advisory. And I'm going to give you a very quick sneak preview of this new research. We're so excited to share with you. So we've finished this new data, this new study on what's happening in the compensation technology marketplace, not just the software side, but also on the data side, how companies are using these tools, these systems, these sets of information in order to make better and more accurate decisions as it's so amazing to see how the market has evolved since our last measurement period, there were some things in there, honestly, that surprised me, even as a researcher who keeps my ear to the ground to understand the trends and what's happening.
I have experienced right. And HR team and running compensation practices. So I'm bringing those things, those perspectives to bear. And yet I still was surprised to see some of the things coming together, such as more technology by. In the market than ever before, more companies are going beyond the spreadsheets to look at ways to evaluate this and to do this right way, where companies are using data of all types of sources, and they're using that to help them make more accurate and comprehensive decisions.
We also saw lots of movement in the industry as comes, are thinking about new providers, new capabilities, new functionality. They're looking for new support as well. They want that support from their providers. So there's so many great things in this report. I can't wait for you to dive into it and move on.
What buyers are thinking, what companies like your yours and what people like yourself. If you're a compensation expert and competition exists. You'll find out what those leaders are thinking and how they're approaching decisions around technology and data. What sort of value they're hoping to get out of them.
You'll also see some insights from high-performing companies, those that have better revenue, better attention, better engagement, those kind of key metrics. You'll see what they do differently from everybody else. To give you some insight into some ideas of how to mature your processes and practices as a compensation executive.
In addition to that, You'll also get some insight into the market landscape, what technologies are out there, what tools are out there what's available and how comes you're leveraging those to solve there. What excites me so much is that this is taking compensation beyond a siloed talent practice.
It's taking compensation to a level of, we are leading the organization. We are proactive as a function. We are stepping up a strategic partner to the business, and that's such an exciting place to be. And so it's so much fun, honestly, for me to see the market move in that direction, because that's the vision that I've had for a long time competition touches on all these different areas of town.
All the different pieces of the talent life cycle everywhere in employee goes, competition follows, and it allows us to really step into and make better predictions and recommendations to the business to really serve in a better way, the workforce
so it's really an exciting time. Hope you enjoy the research. And again, my name is Ben Eubanks. I'm the chief research officer at lighthouse research and advisory. And I'm so excited for you to check this out. Thank you.