Case Study: Creates a Compensation Framework to Support a Sustainable Growth Model 

Situation and Challenge

Our client began as a 15-person start-up with no real HR organization or talent strategy. There was no standardization on how pay decisions were made or raises awarded, and no safeguards on how compensation was managed. As the company grew, the CEO wanted to bring people and culture to the forefront and put a formalized compensation structure in place that could efficiently scale.

A dedicated HR partner was brought on to build that structure from the ground up, ultimately evolving the compensation program into a total rewards system with data, transparency, and equity at its core. This put our client in a position where they needed to find a source that not only provided the most comprehensive, relevant market data, but one that also fit within the budgetary constraints of the company.

At the time, there was an HR department of one with multiple competing priorities, so it was equally important that the data be easy to access, search, and analyze without extra manual steps. Our client found the perfect solution with The Comp Consultants On-Demand market data solution.

Solution and Outcome

In the first 18 months that our client had a dedicated resource for HR, the company tripled in headcount. Positions were added to support client growth, existing roles were realigned, and new talent was recruited with the required skillsets to expand the product line as technology evolved. Our client used The Comp Consultant’s affordable on-demand pricing tool to understand market pricing for these new and changing roles, in addition to conducting a talent review to evaluate where the current staff fell within the proposed pay bands being built.

Not only can our client now access more competitive, granular data, but they can also create pricing projects for different teams and map out positions using internal titles. This enables them to price jobs and capture the unique responsibilities needed for each role. Titles and descriptions vary across organizations, and having the ability to combine a chosen percentage of one job with a chosen percentage of another is powerful — and something they haven’t been able to do with any of the free resources or would be much more costly in other paid resources. Additionally, The Comp Consultant’s market pricing tool has improved the efficiency of how quickly the team can match a job by over 50 percent.

Through this work, our client has obtained one comprehensive source for current compensation data and received high-value, validated data at an accessible price, ensuring that they’re paying competitively but within their means.