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JobsPikr’s Data Feeds can be used to perform salary benchmarking, which helps organizations to compare their compensation packages to those offered by similar companies in their industry. This information can be used to inform decision-making around employee compensation and benefits, helping organizations remain competitive.
For example, a company in the technology industry can use JobsPikr data feeds to compare their salary packages to those offered by similar companies in their region. This information can drive accurate decisions around employee compensation, such as adjusting wages to remain competitive or offering additional benefits to retain employees and improve morale.
With JobsPikr, organizations can benefit from carrying out effective salary benchmarking exercises to provide –
Setting competitive compensation packages to attract top talent in a specific industry or region.
Evaluating and adjusting current compensation packages to ensure they line up with industry standards and remain competitive in the job market.
Making informed decisions around benefits, such as health insurance, retirement plans, and paid time off, based on industry trends and competitor offerings.
Providing insights and recommendations to HR departments and executives by monitoring the job market. This supports informed decision-making around compensation and benefits to remain competitive.
Labor market analytics is the future as we keep pace with the change in the job market. JobsPikr is an AI-enabled talent intelligence platform for workforce planning, talent mapping, and labor market insights. Contact us to learn more about what we do and how labor insights can help you make better business decisions using machine learning technologies.
