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

Hey street photographers, what are your thoughts of people being identifiable in shots?

like

NASA What is the salary range for JPL- Financial Analyst III?? @nasa@JPL

like

What comp should I expect for a corp strategy role for a large tech company in SF? Currently 2 yoe out of undergrad

like

For appraisal in jan, employees who joined after which month will be considered? I am joining citi in feb. Will i considered for next year appraisal cycle??

likeuplifting

Is there any way to get around the coinbase fee when buying crypto?

like

Hello folks.
Can someone please say how much reimbursement
Morgan Stanley is giving for buying laptop? I do not have a decent laptop currently. Or will they provide one? When to have this conversation and with whom? Morgan Stanley

Why doesn't Morgan Stanley disclose the variable part in hr discussions? I mean it must at least have a range, right? Does anybody know what is the variable range in Morgan Stanley ?

Our med school is entirely from home these days. Wondering how these students are going to learn patient care

like

How to delete the profile from ibegin tcs portal?

like

Should I sell Tesla while it’s up 6% today?

like

ICPT, INO, and BNGO - which one should I fold?

like

Has anyone played around with anchor protocol?

Pretty insane APY but almost seems too good to be true

like

IEP, 504, and those without internet will return in-person next week while rest of students remain remote. Regular Ed teachers may have students (mild Learning Disabled kiddos) in their room while teaching. They are saying it’s a liability issue if they have one student in the room with them, even though teaching other via Zoom. Thoughts? Anyone else experiencing this?

like

I don’t know about you, but this year, I want to get better at having a work/life balance. I love having the time in the summer to do things around the house, but struggle when the school year starts. If you have any tips, suggestions, or systems that have worked for you when it comes to planning, etc. I would love to hear your thoughts.

likeuplifting
like

So how do I know if i got rejected from meta due to the "hiring freeze" or because they didnt like my resume. New grad role

like

Me at recruiting events

Post Photo
likefunny

I regret choosing Deloitte India over USI, salary is same but i liked the clarity of my leadership team, which is still the same they are awesome, but USI people are getting many benefits, on time Hikes and appraisals, but i don't get all of those, which is kinda depressing.
I probably should have choosen USI

like

Can someone share experience of No broker's relax plan? Will it worth to buy while flat hunting?

like

Is there anyways to deal with two faced bosses in reliance ?

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