Organizations are facing difficulties keeping salaries up-to-date with the rapidly changing labor market. Employees often do not perceive their salaries as competitive and look for higher paying jobs at other organizations. A salary structure on paper and a salary structure in practice are two different things – assessments help bridge the gap to ensure that pay is both internally and externally equitable.
This research will help you:
- Assess the current state
- Prepare to conduct the salary assessment
- Analyze data and identify compensation issues
- Address issues and plan for the future