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The 8-step framework to building a data-backed comp philosophy

Build a scalable compensation philosophy that takes into account your company's geo strategy, industry, size, and internal role values. Plus, get a template to share that philosophy with executives and your broader org.

Image | 8-step framework for building a compensation philosophy

Comp benchmarking is one of the hardest conversations in HR, and it's never just one conversation. There are too many moving parts—where you're hiring today, where you're growing next, what competitors are paying, and what you can actually afford—and they all have to line up.

A compensation benchmarking philosophy is what puts these conversations on rails. It's the set of decisions you make once, up front, so that every later decision gets evaluated against a standard you already agreed to. 

Get the 8-step framework for building a data-backed comp philosophy, plus a template your team can use to both align with executives and share out with your org.

What's inside:

  • How to actually set benchmarks—not just by looking on LinkedIn, but by taking into account industry, role type, company size, and funding stage

  • How to use those benchmarks to set market positioning and internal role value that aligns with your company's strategy

  • Guidance for when to use market data (and when it's better to avoid it)

  • An executive alignment template for documenting philosophy decisions

  • Communication guidance for sharing your philosophy with your broader org

See Rippling in action

See how Rippling can help you manage all your employee data and operations in one place, no matter your business’s size.