Retention bonuses

Spot bonuses

Project completion bonuses

Annual bonuses

By offering above-market pay to attract higher performing employees

By offering below-market pay to save costs

By providing poor work environment

By offering market level pay

The process of mixing different data sources

The process of calculating an average

The process of removing outliers

The process of using market rates for two or more jobs to establish a market rate for a single hybrid job

Spot bonuses

Performance bonuses

Incentive bonuses

Performance sharing

Customer information

Financial information

Information related to individual employees

Marketing materials

Internal pay equity

Employee job satisfaction

External market pricing or competitiveness

Employee engagement

Employee performance data

Salary data of other companies

Data that can be used to create a job worth hierarchy

Data on employee benefits

Provides key competitive information on how the organization's compensation levels compare to the market.

Provides a clear understanding of the organization's business strategy.

Provides key competitive information on the organization's products and services.

Provides information on the organization's employee demographics.

Information related to individual employees

Information related to groups of employees

Spreadsheet applications useful for gathering and sorting information