Compensation Survey

A custom compensation survey can be a valuable tool in the design of a competitive compensation program. While the purpose of the compensation survey may vary from organization to organization, administering a customized compensation survey has several key advantages over a more generalized market analysis utilizing published sources of data including:

  • Obtain current market data targeted to an organization’s direct peer market
  • Collect focused, position-specific base salary and total cash compensation data
  • More accurate data gathering and reliable statistical analysis, with objective interpretation of compensation data and trends by an independent consultant
  • Inclusion of data on selected compensation practices and benefits to ensure the overall competitiveness of total compensation program

Approach

JER HR Group has conducted hundreds of custom compensation surveys for its clients and has experience in working with clients and survey participants to ensure a successful outcome. The keys to a successful custom survey design are a simple, well-designed questionnaire; good project management; and expert analysis. JER follows a standard project management approach to deliver a customized solution for its clients.

Typical project steps include

Content Design & Development

  • Identify Objectives
  • Survey Design

Survey Administration

  • Identify potential participants and review list with client
  • Finalize participant list
  • Strategize with client to enhance participant response rate
  • Establish communication with survey participants to follow-up regarding survey responses

Data Analysis

  • Review and scrub data
  • Analyze data and prepare findings

Review & Reporting

  • Review and present findings to client
  • Draft and present client report; finalize client report
  • Design and distribute participant report
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