Compensation benchmarking services are used by organizations to compare their compensation practices and pay levels to those of other companies in the same industry and/or geographical region. These services provide valuable insights and data that can help companies make informed decisions about how to structure their own compensation packages in order to attract and retain top talent.
By analyzing compensation data, companies can identify where they may be falling short in the market, and adjust their compensation strategy accordingly.
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We use ERI (Economic Research Institute) for all our compensation data.