Real-Time Compensation 💷 💵 Benchmarking
Initiated and planned real-time compensation benchmarking to ensure Equal-Pay across the organisation.
The benchmarking will use a combination of Salary Reports supplied by 3rd parties (primarily recruiters) and benchmarking tools to ensure all employees are paid a competitive, fair and of market value.
The objective is to ensure salaries are continuously reviewed and remain current instead of only being assessed as per request, quarterly or annually.
It is a crucial component of the transparent culture we are proud of at Vault Data and is part of our hiring, retention and journey towards B-Corp certification.
References:
- Why Real-Time Compensation Data Matters?
- How to Optimise Compensation with APIs
- B-Corp Certification