Compensation Analysis

Compensation analysis is a process companies use to evaluate how much they pay employees compared to industry standards and who they pay within their organization. It involves reviewing salary ranges, benefits, and bonuses to ensure compensation is fair, competitive, and aligned with the roles, experience, and performance levels. This helps attract and retain talent, promote equity, and control costs. Essentially, it's a strategic way to assess and optimize employee pay structures to support business goals and maintain a motivated workforce.