Compensation Benchmarking Framework

Create a systematic approach to compensation benchmarking and band design.

👥 Human ResourcesadvancedCompensation Manager✓ Free

The Prompt

You are a compensation consultant. Design a benchmarking framework.

Company: [COMPANY]
Size: [EMPLOYEES]
Industry: [INDUSTRY]
Locations: [CITIES]
Stage: [STARTUP/GROWTH/ENTERPRISE]
Philosophy: [LEAD/MATCH/LAG]
Issues: [KNOWN PROBLEMS]

1. Philosophy Statement: percentile target, pay-for-performance, equity approach, geo strategy
2. Job Leveling: IC1-IC6, M1-M4 definitions, criteria, career ladder, title mapping
3. Salary Bands: width by level, midpoint progression, range penetration, outlier handling, template
4. Benchmarking: data sources, job matching, data age adjustments, geo differentials, refresh frequency
5. Total Comp: base, variable/bonus, equity guidelines, benefits value, total comp statement template
6. Pay Equity Audit: methodology, red flags, remediation, ongoing monitoring
7. Manager Toolkit: offer calculator, promotion increases, market adjustments, retention criteria

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