Hello Everyone, I am starting my work on the year end appraisal. Firstly, I want to do a market salary benchmarking for my current cohort. I have access to publicly available salary reports for start up which give me an idea. I want to know if you have come across any other methodologies while I do this? Thanks in Advance.

I also go back to a high level data of comp that we've been able to collate while hiring for different roles over 6-12 months. Speaking with many candidates over time for a specific position, also gives some first-hand info. In addition to it, connecting with some fellow HR folks can help 🙂

Thank you Shivani 👍 . Really appreciate your thoughts.

Hey Vidhya ! Even i have to do a benchmarking exercise - let me know which are those publicly available resources ?

@Vidhya Sam Even i am also working on the appraisal process and looking out for the Bench mark reports. Appreciate your help on this one

Hi @Vidhya Sam I would also like those reports to go through am also going to have Appraisal due in December

Hello Vidya, competitive benchmarking is of course one of the most used methodology to go ahead for Performance Appraisals but now-a-days other methodologies such as Job evaluation for internal benchmarking and Job matching methodologies are also being used. I suppose this article could help you in a better way https://www.netsuite.com/portal/resource/articles/erp/salary-benchmarking.shtml

Hi Vidya. Last quarter when we were in our PMS process, the benchmarking we did was in reference to the data on ambition box, glassdoor, linkedin, a few tech hiring platforms, data from hiring applications, our own budget and how much we could stretch, input from core team etc. We were able to do a decent compensation impact.