One of the most important responsibilities of a compensation (or total rewards) practitioner is determining the value of a job — typically known as market pricing or benchmarking.1 The overall process is depicted below, and we will review several of the steps in this process in greater detail. (Note: actual steps, order, and parties involved will differ from company to company.)

Download this report from The JHRS Knowledgebase under the "Talent and Workforce Management" sub-folder. (Requires Professional Level access.)