Mastering Compensation: The Roadmap To Building Your Strategy
Subscribe to the 7-part email series
Learn how to build your compensation strategy.
Explore the key components of compensation planning in our new email series crafted for mid-size businesses.
Each week, we’ll break down the essential components of a successful compensation strategy. From laying a solid foundation to incorporating market research and crafting equitable pay structures, our series is designed to offer tangible tools for your unique needs. Our goal is to equip you with actionable knowledge, so you can make informed decisions that genuinely resonate with your workforce.
By the end of the series, you will learn:
- Why compensation strategy is important and why you should prioritize it
- How to align your compensation strategy to your company culture
- Why market research is so important and how to conduct it
- How to craft equitable pay structures
- How to make equitable adjustments to your plan
- How to communicate your strategy internally and externally
LaborIQ: Stay Ahead of the Hiring Curve
Our technology ensures you get precise, up-to-date salary benchmarking information so you can address your ongoing compensation decisions with confidence. Get pay right with customizable salary searches by location for over 20,000 job titles.
Compensation Planning
Overcome employee retention risks
- Get employee-specific salary recommendations to proactively determine turnover risks
- Utilize forward-looking pay data for next year's headcount budgets instead of lagged surveys.
- Determine what to pay during off-cycle salary adjustments, whether it's for promotions or counter offers.
Salary Recommendations
Get Pay right
- Stay up-to-date with salaries in a changing market, especially when backfilling a role due to compensation challenges
- Be confident your salary range is competitive in locations requiring pay transparency.
- Leverage our database of skills and responsibilities for 20,000+ jobs when defining a new role in your organization.
Pay Benchmarking
Understand your turnover costs
- Benchmark employees' pay to identify pay gaps and total cost to correct.
- Detect retention risks early.
- Compare salaries by years of experience, organization size or level.
What Clients Are Saying
