Compensation Analysis

Compensation Analysis — Learning Path Steps

1. Step 1: Understand the Basics of Compensation Analysis
   • Compensation Analysis
   • Total Rewards
   • Market Pricing
   • Job Evaluation
2. Step 2: Learn about Compensation Surveys and Data Sources
   • Compensation Surveys
   • Data Sources
   • Survey Participation
   • Data Analysis
3. Step 3: Develop Job Descriptions and Job Evaluation Methods
   • Job Descriptions
   • Job Evaluation Methods
   • Job Ranking
   • Point Factor Evaluation
4. Step 4: Conduct Market Pricing and Benchmarking
   • Market Pricing
   • Benchmarking
   • Salary Ranges
   • Competitive Analysis
5. Step 5: Analyze Internal Pay Equity
   • Internal Pay Equity
   • Pay Structure
   • Pay Grades
   • Salary Compression
6. Step 6: Design and Implement Compensation Programs
   • Compensation Programs
   • Base Salary
   • Incentive Plans
   • Benefits
7. Step 7: Monitor and Evaluate Compensation Effectiveness
   • Compensation Effectiveness
   • Metrics and Analytics
   • Performance Management
   • Employee Satisfaction