Compensation used to be a dark art.
Not anymore. Today's job candidate, armed with data, knows what he's worth and will expect a fair salary offer or raise. Are you ready?
It used to be that companies who could afford it had teams of compensation analysts who in turn worked with outside consulting
firms to do 'salary surveys'. Often because the data from a relatively small sample came back months later and required lots of adjustments,
a company ended up overpaying some employees and underpaying others. Markets are dynamic and salaries are too, and this aged and adjusted data wasn't keeping up.