Webinar: 10 Steps to Great Market Pricing
Agenda
What is market pricing?
10 Steps:
What is market pricing?
10 Steps:
- Decide to use market pricing (vs Point Factor)
- Determine your overall compensation strategy
- Gather documentation of key compensable factors for your jobs
- Select jobs to benchmark
- Identify your data source(s)
- Refine and correct the data (if necessary)
- Match your internal jobs to survey data
- Revise compensation strategy to account for hot jobs
- Put your market pricing into action - ranges and grades
- Slot your non-benchmark jobs relative to your benchmark jobs
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