Salary Benchmarking
It is critical for all businesses to compensate competitively to attract and retain their workforce. Salary benchmarking is the best way to accurately find out the going salary rates for every job title, function, and location at your business. Companies use salary benchmarking to verify total compensation and remain competitive. ERI’s Salary Assessor provides tools to ensure jobs match their salary benchmarks.
Connect with our sales team to learn more about how ERI’s Assessor Platform can help with your salary benchmarking needs.Reliable Data from Trusted Sources
ERI Economic Research Institute has been in the business of compensation data for over 30 years and offers a trusted solution for benchmarking data. Use our best-in-class data in your job benchmarking process to compare your compensation against similar markets or your peers.
The Benefits of Salary Benchmarking
- Benchmark pay for multiple job titles at once and quickly determine which may fall outside your range.
- Analyze your company’s total compensation plan to see if you are spending too much or too little.
- Constantly updated data ensures you will always benchmark compensation against current rates.
- Use our salary planning platform and compensation benchmarking tools to benchmark pay for your entire company with ease.
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Use Compensation Benchmarking to Attract and Retain Employees
- Match internal job titles to ERI job titles to determine the competitive market rate for each position.
- Factor in multiple job responsibilities, geographic location, company size, and education to accurately set pay for your workforce.
- ERI’s Assessor Series supports various salary benchmarking methods.
- Find out more about how to perform compensation benchmarking and learn the different methods of benchmarking pay for jobs at ERIERI.com.
ERI’s Assessor Platform
We offer state-of-the-art software to analyze our massive salary database and fulfill your needs as a compensation professional. Learn more about all the other features that ERI’s Assessor Platform has to offer.
- Manage complex compensation plans from planning to employee communication.
- Customize compensation rates based on experience, revenue/assets, skills, education, and certifications.
- And much more…
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