Benchmarkinginsights and resources

Benchmarking is the practice of comparing job descriptions to the most recent market data to inform pay ranges and ensure competitiveness and fairness in salary offers and compensation planning.

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Frequently asked questions about benchmarking

How do organizations primarily benchmark roles?

46% of organizations benchmark jobs by individual job, ensuring pay reflects the specific scope, responsibilities, skills, and impact of the role.

What percent of organizations have a formal process for determining pay bands for employees?

55% of organizations have a formal process for determining where employees fall in the pay band and how they progress up the pay band.

How does better market data translate into real confidence in your pay strategy?

56% of non-payscale customer organizations are either fairy confident or very confident in their market pricing strategy, which increases to 72% for Payscale customers.