Compensation Analysis

Compensation analysis uses internal and external data to determine whether an employer rewards employees fairly or not for the work they are doing. Compensation analysis matters because it provides you with a structured approach to understanding the options open to you when designing your compensation practices. It also offers you a toolset to assess what your competitors are offering. By applying the insights gained from a comprehensive compensation analysis, perhaps using market data or salary surveys, you can design salary structures that’ll help you meet your corporate objectives

How Can OA Help?

Define Compensation Strategy

A compensation strategy is how your organization approaches pay and benefits. This includes how raises and bonuses are calculated and identifying which benefits you want to offer to your staff. OA can guide you through this process, providing templates to ease the creation of your strategy.

Analyze Internal Compensation Data

A compensation analysis uses both internal and external data to determine whether you reward your employees fairly for the work they are doing. An internal analysis will contain a review of internal equity that highlights potential areas of concern.

Create Salary Ranges

With the salary transparency movement, it is critical organizations have well defined salary ranges that are based on both internal and external factors. We can assist you in establishing salary ranges based on your industry, region and benefits packages.

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