Are You Managing The Pay Balancing Act? Keeping Top Talent, Paying Fairly and Managing Costs

When it’s that time of year for People and Culture teams to prepare for the challenges of the annual pay review, not only is this process a major commitment of time and resources, but it also demands sound decision making.

Making these decisions with confidence requires a broad range of inputs, including market intelligence for different roles and job levels.

In this article, we evaluate both how to get the most value from pay benchmarking tools and effective ways to support your Total Rewards strategy.

Key takeaways

In a competitive talent market, annual pay reviews are critical in keeping employees from seeking out new career opportunities.
Accurate and industry specific benchmarking data plays a vital role in making better informed and equitable decisions on pay, and ensuring maximum value from compensation budgets.
Effective benchmarking supports transparency and fairness – helping managers and employees have better conversations about pay.

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Are You Managing The Pay Balancing Act? Keeping Top Talent, Paying Fairly and Managing Costs

Talk to our Team

Download the full report to learn more.