Labor Market Research

Supporting Job Classification

Access to job-specific salary data offered by your competitors is essential to any pay plan, and is a crucial component to evaluating and classifying jobs.  Market research also contributes to the development of competitive variable pay plans and equity-based compensation strategies.

CompAnalysis staff uses the latest in survey technology to obtain, analyze, and interpret labor market data.  Our research comes from four primary sources:

  • Published Surveys – These include a comprehensive compilation of salary, bonus, and/or stock option data, utilizing multiple legitimate sources of survey data.  Job-by-job data analysis is specific to location, organizational size, and industry.
  • Custom Surveys – These are specialized surveys that focus on specific organizations within a particular industry and/or location, usually to obtain pay data on industry-specific or rarely surveyed jobs.  May also include pay practices research. 
  • Publicly Available Executive Pay Data – This includes the analysis and evaluation of data from proxy statements and/or nonprofit or government agency reports.
  • CompAnalysis Annual Survey – CompAnalysis conducts its own annual Greater San Francisco Bay Area Compensation Survey, which focuses primarily on job-specific compensation data.  Industry data are compiled by location and size.  For more information, please click here. 

We tailor our research to meet your particular needs by:

  • Assessing Your Data Needs – This includes identification of organizations with which you compete for talent.
  • Identifying and Acquiring Data Sources – This includes thorough research of current, accessible surveys from professional and industry trade associations, consulting firms, and other reliable sources. 
  • Analyzing Data Based on Job Duties and Responsibilities – This includes matching your job content to corresponding survey job descriptions, since titles alone can be misleading.
  • Selecting Benchmark Jobs When Necessary – This includes identification of jobs for which data are available through published sources, as well as those that are most important to your organization.

For more information on CompAnalysis’ Labor Market Research services, please contact us.