Compensation and Benefits Analytics

Compensation and Benefits Analytics is a branch of HR Analytics focused on understanding and optimizing employee pay and benefits. It involves analyzing data related to salaries, bonuses, insurance, retirement plans, and other perks. By studying this information, companies can assess if their compensation packages attract, motivate, and retain talent while remaining competitive in the market. This analysis helps organizations make informed decisions on pay structures, identify disparities, and enhance employee satisfaction, ultimately leading to a more engaged and effective workforce.