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Market benchmarking in compensation

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edited Mar 26, 2013 11:05PM in Performance Management (TBE) 1 comment

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I've been asked how market benchmarking data might be incorporated into the calcualtions for salary increase recommendations. I can see how a compa ratio might be used to take the employee's current position within a pay range into account, but can't see where market data might be added to achieve the same sort of result.

Any assistance on this would be most helpful.

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