Real Time Market Benchmarks
Access real time market data, instantly!
A powerful benchmarking solution that provides instant access to live market data by title and grade. Make confident, data-driven pay decisions with real-time
insights tailored to your organization’s structure, industry, and scale.
Features of Live Benchmarking
Use the power of live data points to change the way you manage market data and control discussions. We have simplified the entire end-to-end salary survey process to give you control.
How does the tool help you?
Real-Time Market Data
Access to live, up-to-date market
salary information allows
companies to make informed
decisions quickly. This is
particularly valuable in the
dynamic environment we are
operating in with talent and skill
scarcity and market conditions
changing rapidly.
Competitive Edge in Talent Acquisition
By understanding current pay rates
for similar roles in the industry,
companies can offer competitive
salaries to attract top talent. This
is crucial in highly competitive job
markets where the difference
between average and top-tier
salary offers can significantly
impact a candidate’s decision.
Retention Strategies
Keeping abreast of the latest
compensation trends helps
companies adjust their own pay
structures to retain valuable
employees. This is essential in
preventing turnover and the loss
of institutional knowledge,
especially for high-demand roles.
Simplification of Compensation Management
A live benchmarking tool simplifies the complex task of compensation management. It reduces the need for extensive, manual, once-a-year surveys, significantly saving time and cost.
Enhanced Transparency and Fairness
With access to reliable and
current data, companies can
ensure that their pay practices
are fair and transparent. This can
improve employee satisfaction
and trust in the organization,
leading to a more harmonious
workplace environment.
Strategic Decision Making
Live benchmarking tools enable
HR and management to
strategically plan salary budgets
and adjustments based on actual
market conditions rather than
outdated data or conjectures.
This strategic approach can lead
to more efficient use of company
resources.
Compliance with Pay Equity Laws
Ensuring compliance with local
and national pay equity laws is
easier with a tool that provides
detailed insights into prevailing
pay rates by role, industry, and
region. This helps prevent
potential legal issues related to
pay discrimination.
Multiple sources of data
Run reports using live new hire offer data from our Total Offer Modeller or using the payroll information in our system. We empower companies to take control of their compensation and use sources of data that makes sense for them.
