GTM Payroll & HR

Compensation Analysis Services
When pay is equal and competitive, employers and their employees thrive. A good compensation system that reflects current, market-driven annual and variable compensation allows employers to make smart and competitive pay decisions.

Components of an Ideal Compensation System

A sound compensation system:
- Aligns with your internal compensation philosophy.
- Analyzes market-driven compensation demands based on job, revenue, industry, and location.
- Attracts top talent with competitive compensation plans.
- Identifies pay inequities and detects retention risks early.
- Identifies red-lined employees (someone whose salary exceeds the maximum pay range for their job role) or wage compression issues.
- Helps with wage projections.
- Assists in sourcing and selecting candidates evenly.
- Can compliment performance management.

What is a Compensation Analysis?
A compensation analysis evaluates an organization’s pay structure to ensure it is competitive, equitable, and aligned with business strategies.
It involves assessing salary data, benefits, and incentives to attract and retain top talent while maintaining internal fairness and compliance with labor laws.

A thorough compensation analysis typically includes:
- Benchmarking salaries against geographic and industry standards
- Evaluating internal pay equity and job classifications
- Reviewing benefits and total compensation packages
- Ensuring compliance with wage and labor laws
- Identifying gaps and opportunities for adjustments