Do you know the answer? Are you confident that your answer is correct?
- The only way this very important question can be answered with a high degree of accuracy is if your organization periodically conducts a thorough market compensation analysis.
Here’s what a thorough compensation analysis by Trinity does:
1. Compares your organization’s positions to comparable positions in other organizations that are:
- In your industry
- Of similar size (as measured by revenue and/or number of employees)
- In the geographical area in which you would recruit for a position—be that locally, regionally or nationally
2. Does not merely look at a position’s title, but considers its:
- Duties and responsibilities
- Education and experience requirements
3. Takes into account the incumbent’s:
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- Qualifications in comparison to the position’s requirements
- Performance
- Other relevant factors
4. Analyzes not just annual salary plus also:
- Incentive compensation
- Commissions, if applicable
- Other forms of compensation
5. Provides position-by-position, person-by-person compensation recommendations based on the analysis
Trinity utilizes an up-to-date, reliable data base of market compensation to expertly and economically perform a customized market analysis for your organization.
- For more information, e mail Trinity at info@TrinityHR.net or visit our website: www.TrinityHR.net.