The Importance of Compensation Benchmarks By Karen Timmins, Senior Vice President, Human Resources I have it on very good authority that Google makes all its people decisions supported by science and data. After years of HR work, particularly on the topic of compensation, I’m still a fan of the art and science approach to managing comp. That said, there is no replacement for the peace of mind that comes with making significant spend decisions backed by reliable data. There is no other way to effectively and consistently manage employee compensation.
All strategic decisions relative to workforce planning, recruiting, business growth (particularly with new innovation and technology), company core competencies (including leadership) and promoting or hiring is best done with reliable data.
Greg Manns at Industry Insights has become an important vendor partner to WG. He is a self- described geek for data, particularly pay data. Greg is the man behind the curtain who captures the raw pay and benefits information painstakingly submitted
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JANUARY | FEBRUARY 2024
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