Finding Salary Data for Compensation Planning

Creating compensation plans can be a complex topic. Compensation once simply meant how much money someone was paid for doing a job, but these days there are many aspects to compensation including:

• Base Salary
• Bonus
• Health Insurance Contributions
• Life Insurance
• Disability Insurance
• Retirement Savings Accounts and Matching Programs
• Charity Matching Programs
• Paid Time Off
• Stock Options or Purchase Plans
• Child Care Benefits
• Physical Fitness Benefits and Facilities

And there are many other forms of compensation, all of which factor into the total value of a particular job offer. When trying to land a great candidate or create a compensation plan for existing team members, finding the right balance of cash compensation and benefits to make a competitive offer is tough.