Compensation Strategy Series

Mastering Compensation: The Roadmap To Building Your Strategy 

Subscribe to the 7-part email series

Driving Success

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

I’m ready to build my compensation strategy.

This field is for validation purposes and should be left unchanged.

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.

“I loved the granularity that the platform offered. I love the fact that you can specify not only the position title and location but also the education level, the years of experience and the size of the company.”

Alex Chausovsky

Director of Analytics and Consulting

Miller Resource Group

“With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.”

Jadiel Rosario

Talent Acquisition Manager

Acme Corporation

“I definitely would recommend LaborIQ to anyone, really in talent acquisition because it allows you to be really prepared with this market research and allows you to really set these expectations as you go into the recruiting process.”

Taylor Franco

Recruiting Lead

Calanese

“I loved the granularity that the platform offered. I love the fact that you can specify not only the position title and location but also the education level, the years of experience and the size of the company.”

Kassidy Mays

Director of Analytics and Consulting

Miller Resource Group

“I definitely would recommend LaborIQ to anyone, really in talent acquisition because it allows you to be really prepared with this market research and allows you to really set these expectations as you go into the recruiting process.”

Susan Thomas

Sr. Vice President

10FOLD

“With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.”

Salvatore Hines

CEO

Idea Ignite

“I definitely would recommend LaborIQ to anyone, really in talent acquisition because it allows you to be really prepared with this market research and allows you to really set these expectations as you go into the recruiting process.”

Ruthie Barnett

Recruiting Lead

TOPS Software

“With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.”

Jennifer Telfer

Talent Acquisition Manager

UltraUplift

“With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.”

Chaya Porter

CEO

Massive Dynamic

“With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.”

Karter Hale

Sr. Director of Compensation

Tech Trends