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Benchmarking & Data

Building a Comp Philosophy

Compensation 101

How to Build Compensation Bands Using Real-Time Market Data

Upcoming

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You can’t have a compensation strategy without compensation bands. Creating compensation bands can seem like a daunting task, and if you don't set the right foundation your bands can be inaccurate and uncompetitive. In this compensation expert session, we’ll explain how salary bands should work, then show you how to pull in the right market data and use it to build salary bands for your entire team.

What you'll learn:

The anatomy of a comp band and how they work in practice
The best way to use market data to create your bands
Selecting the right percentiles, levels, and band widths
How to navigate special cases and unique problems

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Other helpful resources:

Pave Guide:

A Practical Guide to Building Compensation Bands

Speakers:

Meghana Reddy

Advisor, Alamere

Julie Menge

People Operations & Analytics Lead, Mux

Joe Bast

VP of People & Operations at Laika

Katie Rovelstad

Operations Lead, Pave

Related

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Ace your upcoming merit cycle with the right comp foundation driven by data - not guesswork.

The Off-cycle Planning Guide: What You Need to do Between Merit Cycles

In today’s rapidly evolving market, thinking about compensation one time per year isn’t going to cut it. But what’s most important to focus on? In this session, we’ll share detailed advice on how to tackle all those compensation to-dos the need to happen between your merit cycle.

Equity in a Down Market

In a down market, you need to make tough equity decisions and you need to communicate those decisions to your team. In this Comp Experts session, we’ll share what People and Finance leaders need to consider with regard to equity and how to share those equity decisions with employees.

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