MARKET PRICING

Real time
Market Pricing
data.

Make informed compensation decisions with real-time market analysis

MARKET PRICING

Real time
Market Pricing
data.

Make informed
compensation decisions
with real-time market
analysis

To ensure your compensation levels are competitive within your defined labor market(s), it is important to collect recent market data. Market pricing is available from professional associations, industry reports, and internet resources. As an alternative to these options, many organizations hire experienced compensation specialists to conduct real-time, custom salary surveys and market analysis. This assures a professional, current approach to gathering, screening, and analyzing the data.

It is important to collect market data for a representative sample of jobs across all functional areas and job levels within the organization. If a methodology such as the job evaluation and salary administration system (GradeBldr) has been used to establish the relative internal value of jobs, it is not necessary to then market price every single job; however, it is useful to look at two to three titles in each job group to ensure you have sufficient information to determine an appropriate array of market values. We recommend identifying and utilizing at least four sources when gathering market data.

Many companies want to assess the competitiveness of their total compensation package; therefore, they also conduct an analysis of their benefits and perquisites to see how they compare to local market norms. As appropriate, this might also include a review of incentive opportunities. Once the comparative benefits analysis is complete, and any resulting changes to the benefits package implemented, companies often issue an annual total compensation statement to inform staff how much employer-paid and mandated benefits and perquisites add to the value of their compensation package.

Improve acquisition & retention with competitive market insights

Conduct comparative market pay analysis & benchmarking

Assess internal and external pay equity

Identify market traits that may impact talent acquisition using multi-factor segmentation analysis

Understand competitive Total Rewards structures

Integrate and benchmark results from custom salary surveys

Benchmark market data to understand significant compensation trends that impact employee retention

Taking the lead with Custom Surveys.

Custom salary surveys are an excellent tool to help you understand the relationship of one job to another, the competitiveness of your compensation structure, and how to protect your investment in people.

Customizable reports to fit your needs.

Helping you bridge the gap between people, work, and pay.

You can access our Compensation Experts with any CompBldr® module. JER HR Group helps organizations build a fair and equitable rewards plan that attracts and retains talented individuals.

You can access industry leading experts in:

Custom Salary Survey Design and Execution
Compensation Plan Design
Executive Compensation
Staff Compensation
Sales Compensation
Public Sector Compensation

See how it works.

Working together brings it all together.

Collaborate

Easily collaborate with team members, HR and Comp experts to build & manage a robust Compensation program.

Integrate

Automated API interface easily transfers job descriptions, position classification, and compensation models into your HRIS/HRIM platforms.

Protect

JobBldr technology and standalone modules run on on Amazon’s CDN for speedy delivery and security. Protection includes AWS key management, automated security checks & alerts, security audits and bot control.