Given the abundance of free salary sources online, potential and current employees are more informed than ever about the market rate of their position. To attract and retain top talent, you must be aware of what the market is paying for certain skills, and develop reasonable salary ranges for the positions within your organization. By figuring out what the market is paying for certain skills and developing salary ranges for your positions, you’ll be able to create a compensation strategy that sets you up for long-term success.
Download this step-by-step guide to learn how you can benchmark jobs and set salary ranges.
Topics we will cover include how to:
- Select the “right” salary data sources for your business
- Apply your compensation strategy to the data
- Determine your pay grades and pay ranges
- Handle “hot jobs” or range-busters