How often do you guys do wage audits in your organization? I’ve been considering starting regular audits to make sure our compensation is fair and competitive. I’d love to hear what key metrics you look at during the process and any insights you’ve gained. Have you noticed any interesting trends or changes after conducting these audits?

like
Posting as :
works at
You are currently posting as works at

At least annually, with spot checks during hiring spikes. Key areas are compa ratio, pay equity, market benchmarks, and internal parity. Most times, gaps show up in long tenured roles.

helpful

So you don't think I need to do it too often? I was thinking every few months?

I'm new here, so not sure what the cadence is. At my old job it was pretty much whenever my boss told me to, which happened every year or two if memory serves correct. Key metrics were industry averages and turnover.

That makes me feel better because either was thinking I'd need to do it monthly.

Related Posts

Hi, how are you all,
Just to confirm is there any opportunity for java spring boot.
Total 1+ year of experience for any location.
Please refer my profile.

like

Have an interview with a company I really want to work for tomorrow. My last job I was laid off b/c of an acquisition&recently accepted a job at a diff company b/c I couldnt afford not to. I got this invite shortly after. The place I’m interviewing at the job wouldn’t start til next year. I dont want to seem like a job hopper. Do i tell them I’m at a new role or just not bring it up? The acquisition was public so they can see Im no longer employed with the most recent work history on my resume

like

Anybody work remotely in North Dakota for a firm in HCOL?

like

Does anyone have any book recommendations that have helped them become a better consultant ?

likehelpfulfunny

Which is best option to join
Times Internet or HCL?
With same package
@hcl

like

Can any ACN fish refer? Firm issued a wave of new hire layoffs which happened to affect me.

like

Hi there! What is everyone doing to prevent fraud in OTT?

like

Here’s to everyone who learned what Liberia looks like today.

likehelpful

Hi fishes, can i get 11 likes to enable DM ? Thanks

likesmartfunny

Where should a 30 y/o, single male live? wicker park/bucktown/logan square? Or somewhere like lakeview or roscoe village?

Interests: biking, food, art, books, coffee.

like

Is joining cisco with 26 base 3 lk bonus and 3.5 joining bonus with 6yoe in Cisco webex good?

like

Rant: my boyfriend is so annoying with this diet! I GET IT. You want to eat healthy! But when you have your friends at our place every other weekend they order pizza and you devour most of 2 boxes! But when I want pizza or wings or burgers I have to hear a whole spiel. “Can we pick something healthier?” “You can order ___ but can I choose something else on the menu?” “I don’t knowwww” like MY GOD. Then if I order something for me he wants half or bites! Sick of it!!!

likefunny

What does VC portfolio operations do? What are some example projects or initiatives that they work on for startups? I am getting recruiter interest with this title but I am not sure how to wrap my head around it. Thank you.

like

How many years did it take you to feel like you could handle a trial by yourself and feel comfortable? How many trials did you observe before getting to that point?

like

During unit testing

Post Photo
likefunny

Hey I have changed service line so have been demotivated a level in offer letter ..shud i negiotate dat or will be promoted to next year at higher level or stay content wid the package?

likefunny

Hello fishes what is your suggestion on switching from Oracle DBA to Informatica

like

I have 1.8YOE Current Packages is 5.5CTC
How much i can expect from informatica if i switch ???
How about joining bonus

like

What is a good location to stay in Hyderabad for a Deloitte USI employee?
In terms of proximity to office, inexpensive and decent accommodation. Can you help me get in touch with an owner or a broker?

(My monthly in-hand is 40k)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal