Compensation Benchmarking is a highly utilized risk management tool for organizations. It gives a complete breakdown of the compensation package allowing companies to compare the structure within specific sectors and named companies.
Our program helps to:
- Structure the compensation to competitively recruit, retain and perform.
- Identify the market rate for each benchmark position.
- Understand a compensation structure that helps the organization to position itself at the desired state.
This benchmarking helps you to design appropriate compensation package, motivate employees and improve organizational effectiveness. This service is extended till 5 positions and 3 comparators.
Our standard price for this HR service is given below. However, depending on the level of customization and scope of engagement, it may vary.