We'll Take Care of This Step in Your Budgeting Process, No Problem. πŸ“Š

No judgment if you're using salary.com for compensation benchmarking, but there are better, more accurate options out there. According to a 2023 Gallup poll, only 50% of employees reported being satisfied with their compensation, while 33% cited dissatisfaction due to pay inequities and inadequate raises.

A 2024 LinkedIn survey revealed that 45% of employees consider inadequate compensation a top reason for leaving their job. Competitive pay isn’t just a nice-to-haveβ€”it’s critical for retention.

So, how can you ensure your compensation structure is competitive and fair? It's time to schedule a Compensation Data Study for 2025.

For companies with 100 or fewer employees, a one-time fee of $1,750 covers:

βœ… Workbook setup
βœ… The full analysis
βœ… A mid-point clarification call
βœ… A detailed report, including:

  • Job description notes

  • Timeframe data

  • Each employee plotted within the 10th, 25th, Mean, 75th, and 90th percentile

  • Title and job description suggestions based on research

  • Modeling for future performance review increases

  • Recommendations for leveling pay if employees are over or undercompensated

  • Pay band data for each job title

  • Defined raise and bonus pools for easier planning

With this study, we’ll provide the clarity and insights you need to move into 2025 with confidence. We can knock this out in about a month, setting you up for success as you finalize your budget.

Let's take your budgeting process to the next level.

Previous
Previous

Reflecting on My Why: Staying True to the Reasons I Started My Business

Next
Next

You Say Culture Matters πŸ‘€