Competitive Compensation Market Assessments
Competitive Compensation Market Assessments
Compensation Market Assessments assist organizations in identifying their current position within the marketplace. At Go Beyond Data our specialized approach allows us to develop, implement, and analyze the most effective methods for collecting and assessing the relevant market position. We use multiple methodologies and data sources. We carefully evaluate and provide a detailed assessment of your positioning within the marketplace. We do this by conducting an in-depth assessment for each position identified in the study. We review the position description documentation, identify the relevant scope measures and once approved, scan our library of surveys, choosing those that are the most suitable and appropriate. The results allow our clients to make compensation decisions that meet the organizations’ overall compensation philosophy.
This review will help to answer questions like:
- How does your compensation program compare to your Peer Group of companies?
- Is your base salary compensation structure competitive within the marketplace?
- Are your short-term/long-term incentive payouts reflective to that of your Peer Group of companies?
- Are there “hot” skills that indicate a pay premium?
Our previous experience at nationally based survey houses has provided us with a unique perspective and detailed understanding of the sources available and best suited to each compensation market assessment.