A market analysis provides your organization with the guidance it needs to be competitive in a tough labor market. Not only does a professionally done analysis provide your organization with a compensation structure (e.g., pay grades) that can grow as you do, it can also help you understand the minimum pay being offered in the market for each of your job titles. A market analysis can also provide organizations with valuable insight into employee turnover risks.

Berkshire’s compensation experts work with your organization to identify and collect appropriate data and identify appropriate matches in market analysis databases that best match your job descriptions and minimum qualifications. For SME organizations who have employees who wear “multiple hats,” we can build appropriate hybrid jobs to ensure full coverage of job duties for unique positions at your organization. Using this information, all approved by you, we build a pay structure that is easy to manage.  

For those interested in related services, we also can also increase the rigor of the market analysis by doing job evaluation or analyzing each employee’s salary to determine if they are a flight risk.

During a proactive Pay Equity Analysis, Berkshire strives to ensure we understand your organization’s compensation practices and philosophy. Our process ensures that we help you identify what positions/people should be grouped together for pay analysis. Then we identify and document a comprehensive compensation philosophy for every grouping and test and refine each philosophy before investigating any significant wage disparities. Once we have identified any risk for unexplained disparities, we can create compensation adjustment plans that help you close those gaps in ways that are budget friendly. We work well with internal and external legal counsel and are committed to analyzing your compensation data in a confidential manner.