Webinar: 10 Steps to Great Market Pricing


What is market pricing?

10 Steps:
  1. Decide to use market pricing (vs Point Factor)
  2. Determine your overall compensation strategy
  3. Gather documentation of key compensable factors for your jobs
  4. Select jobs to benchmark
  5. Identify your data source(s)
  6. Refine and correct the data (if necessary)
  7. Match your internal jobs to survey data
  8. Revise compensation strategy  to account for hot jobs
  9. Put your market pricing into action - ranges and grades
  10. Slot your non-benchmark jobs relative to your benchmark jobs


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