Salary Benchmarking

Salary benchmarking is comparing pay for a role against market data for similar jobs, levels and locations to set fair, competitive compensation. It informs offers, pay bands, raises and decisions about where to hire.

Related Terms

  • Employer of Record (EOR)

    An employer of record (EOR) is a company that legally employs workers on another business's behalf in a country where that business has no entity. The EOR holds the employment contract, runs payroll and meets local employment duties, while the client directs the daily work.

  • Job Description

    A job description is a written outline of a role's purpose, responsibilities, required skills and working conditions. In engineering hiring it shapes who applies, what interviewers test and how a new hire's first months are judged.

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