Without the luxury of whole departments dedicated to compensation, small and medium-sized businesses face unique challenges when it comes to compensation data.
In this week’s Comp Conversation, Elizabeth Maizels, Director of Solutions Consulting at Salary.com, will walk you through the keys to mastering compensation data in a growing business.
You will learn the different sources of compensation data, their strengths and weaknesses. You will also learn how to assess the quality of the data, before applying it to your organization.
Elizabeth will explain how small and medium sized businesses should approach benchmarking pay – ensuring your pay practices align with industry norms. Most importantly of all, you’ll learn how to use data to make informed decisions about your compensation strategy.
Key Takeaways:
- Understanding the sources of compensation data
- Ensuring data accuracy, integrity, and transparency
- Benchmarking pay
- Leveraging data for decision-making
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