Compensation Planning: Four steps to deciding the pay and benefits for a new position

Compensation Planning:

Four steps to deciding the pay and benefits for a new position

What are your challenges in developing a reward package?

Reward professionals must balance five forces of: cost, competitor practice, candidate expectation, tax efficiency, and cost efficiency. But without access to fresh, employer-reported data and intuitive benchmarking tools, the process can drain time and budget, resulting in pay packages that miss the mark.

In this bespoke Brightmine Compensation Planning guide, you’ll explore the essential components of designing a reward package for an individual vacancy. With monthly-refreshed UK market data and automated job matching across all roles, you’ll be equipped to make confident, data-led decisions.

Download the step-by-step guide and deep dive into these components:

Basic pay
Variable pay
Benefits and allowances
Terms and conditions

Three women sitting on a couch, each using a laptop, engaged in conversation and collaboration.

Download your step-by-step guide today

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