Case Study: Altruist achieves fairer, more efficient compensation reviews with ChartHop

Altruist cuts comp review meetings by hours with ChartHop

Altruist, a modern custodian for independent RIAs, faced a challenging and inefficient compensation review process heavily reliant on spreadsheets. This approach made controlling access to sensitive data difficult and consumed significant time for the People, Finance, and executive teams. Seeking a streamlined solution, Altruist turned to their existing vendor, ChartHop, specifically utilizing its comp review module to overhaul the process.

By implementing ChartHop's comp review platform, Altruist consolidated compensation data, history, pay bands, and performance ratings in a single, secure system. This provided managers and the compensation committee with the trusted data needed to make fair, equitable proposals, eliminating lengthy meetings. The intuitive solution empowered managers, who adopted it easily, to confidently manage budgets and have compensation conversations. As a result, Altruist saved enormous time, repurposing it for more productive performance discussions, and closed the "knowing vs. doing gap" for its leaders.

Altruist