Allen P. Jackson served as a compensation consultant with a predecessor of Willis Towers Watson for 24 years. He ran the firm’s Global Databases Group, which conducted hundreds of compensation surveys in over 75 countries, and he helped develop and refine the firm’s data collection, analysis and reporting methodologies. He also advised the boards of major private and public companies in the media, information and entertainment industries. Mr. Jackson has an AB from Princeton University and an MBA from Columbia University.
Benchmarking Competitive Pay LevelsCornell Course
Pay Levels
Cornell CourseBenchmarking Competitive Pay Levels ()
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Course Overview
This course introduces the idea of benchmarking, or comparing your salaries to those of your competitors. Benchmarking is one of several factors that organizations use to determine employee pay. Additional factors include the organization's compensation philosophy, ways beyond salary that employees are compensated, and the organization's budget. Organizations need to strike the right balance of paying enough to attract and retain quality employees but not paying more they can afford.
In this course, you will explore the different salary surveys used in benchmarking analysis and how to decide what surveys are best for your organization. You will also examine strategies for reviewing and analyzing those surveys. Finally, you will consider how to use the results of your analysis to adjust salary structures and how to communicate the results of your analysis to the organization.
The following course is required to be completed before taking this course:
- Total Rewards Compensation
- Designing and Managing Compensation Structures
Key Course Takeaways
- Identify the most appropriate data sources to use in a benchmarking analysis
- Interpret and analyze the results of a benchmarking analysis
- Use benchmarking results to inform salary structures, pay equity reviews, and other systems and processes
How It Works
Course Length
2 weeks
Effort
7-10 hours per week
Format
100% online, instructor-led
Course Author
Executive-In-Residence, ILR School
Who Should Enroll
- HR generalists
- Compensation and benefits specialists
- Intermediate-level HR professionals
- New and aspiring human resource professionals
- Operational and financial decision makers outside HR
- High-level HR professionals in small companies
- Governments/nonprofits interested in pay for performance
- Organizations that operate in the U.S.
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