A market analysis is a crucial step for any company that seeks to offer competitive compensation to its employees. A compensation package that is aligned with your reference market is a real asset when it comes to attracting and retaining qualified and high-performing employees.
Through its rigorous methodology, Khlat Compensation Consulting can guide you in choosing the right compensation components and levels, in order to remain competitive with the organizations you compete with for talent.
Guiding Principles of a Market Analysis Mandate
Possibility of specific customized compensation surveys (for specialized jobs or jobs that are not widely available in the market) and generic market data analysis
Analysis based on the company’s compensation philosophy. In the absence of such a philosophy, we can assist you in developing one
Presentation of market data in the form of descriptive statistics (central trends, data dispersion, etc.)
Presentation of your market positioning in the form of a complete report with tables, graphs, comments and recommendations