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Originally published July 18, 2013
In order to stay competitive, it’s essential to understand how your competitors are addressing today’s compensation challenges. Most organizations rely on survey data to ensure their rewards programs are on par with the market and utilize a number of published surveys for reference. But in the compensation industry, one size rarely fits all, and HR departments sometimes must seek other options to get hard-to-find, unique data to solve complex compensation issues.
In these cases, it’s not unusual to consider a company-sponsored survey. A custom survey allows you to target your specific market and identify any data parameters you need. However, custom surveys are a more significant and involved process than a regular survey purchase, and HR professionals must evaluate if sponsoring a survey is a viable option for their organization.
Find out what questions you should ask before deciding to sponsor a custom survey and tips to getting the most out of the custom survey process.
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Compdata Consulting is where data meets design. We offer a tailored approach for organizations needing smart compensation and total rewards solutions. We work with you to identify effective, progressive strategies for building competitive compensation structures.
With Compdata Consulting, you gain access to knowledgeable consultants who deliver solutions that attract, motivate and retain the workforce needed to move your company forward. Armed with Compdata Surveys‘ trusted pay and benefits database, our consultants are equipped to design effective programs that align talent, compensation and rewards with business strategies.