In order to compete effectively for valuable talent, you need to assess what the competition is doing. Market pricing allows you to do just that. During this informative presentation you will learn what market pricing is, why it is an important part of pay program development, and how to approach the process to yield optimum results.
The goal of market pricing is to show how your organization’s compensation compares to your desired competitive position in the marketplace. Finding and using the right market data allows you to develop a cost-effective total compensation package that is attractive to employees and legally defensible.
This webcast will include suggestions about how to take internal salary data and compare it to relevant market data – establishing relative value. We will discuss the concept of recruiting markets and offer guidelines to consider when determining your particular recruiting market. Learn what makes a compensation data source a good source as well as where and how to find the data that matters most to your particular organization.
Join us and learn step-by-step how to implement a market pricing process that is aligned to your organization’s resources and compensation philosophy.
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