Internal and External Pay and Benefits Analysis
Zviran’s benchmark data provides reliable and up-to-date information for managerial decision making in the space of pay and benefits.
However, to effectively shape and manage the company’s Total Rewards, it is necessary to conduct several data analyses in various segments, in order to form a clear picture of the company’s market position as a basis for solid decision-making. Consulting activity in this area complements our benchmark data offering.
The services in these areas include:
- Peer group definitions – Who constitutes the relevant market? All employers (general market)? A market segment based on company size and industry? Competitors?
- Macro level analysis – Comparing overall levels of pay and benefits within the company relative to the relevant market benchmark (peer group).
- Micro level analysis – Presenting each employee’s compensation relative to benchmark data specific to their position.
- Internal analysis – Examining whether the company fairly rewards employees (based on gender, age etc.), highlighting specific cases that require individual attention.