Compensation and Benefits Management

  1. Market Analysis and Benchmarking
    1. Labor Market Definition
      1. Geographic Markets
        1. Industry Markets
          1. Occupational Markets
            1. Talent Pool Analysis
            2. Compensation Survey Process
              1. Survey Selection Criteria
                1. Survey Participation
                  1. Data Collection Methods
                    1. Survey Timing
                    2. Survey Data Sources
                      1. Published Surveys
                        1. Custom Surveys
                          1. Government Data
                            1. Professional Networks
                            2. Job Matching Process
                              1. Benchmark Job Selection
                                1. Job Content Matching
                                  1. Matching Criteria
                                    1. Documentation Requirements
                                    2. Data Analysis Techniques
                                      1. Statistical Measures
                                        1. Data Aging
                                          1. Data Normalization
                                            1. Outlier Treatment
                                            2. Market Pricing Methodology
                                              1. Pricing Philosophy
                                                1. Data Integration
                                                  1. Market Line Development
                                                    1. Pay Policy Decisions

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                                                  3. Job Analysis and Evaluation

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                                                  5. Base Pay Structure Design