Employee Compensation Benchmarking

What is it?

This is a set of three tools:

  1. 1
    Employee compensation benchmarking instructions
  2. 2
    Job benchmarking worksheet
  3. 3
    Benefits worksheet

Why is it important?

You want to attract and retain the best talent. One part of that is to give them what they value in pay, bonuses, and benefits. What's fair? Your employees will judge the fairness of their compensation partly by what similar jobs pay at other companies.  

When and how would you use it?

Complete these tools for each position every 1-3 years to confirm that your compensation is competitive.

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