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Assess Your Compensation IQ

Does your company have solid compensation practices in place? Take a few minutes to answer a series of questions on your compensation practices and we'll provide you with a detailed assessment of how you match up to other growing companies. Be sure to enter a valid email as your results will be sent to the address you enter.

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    Competitive

    Market Analysis

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    Philosophy

    Compensation Philosophy

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    Ranges

    Ranges

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    Internal

    Internal Equity

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    Comms

    Communication

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    Application

    Application

Market Analysis

Answer the questions as closely as they match your organizational state.

  • We use third-party compensation benchmark data that represents our talent market and contains companies and jobs similar to ours.

  • We benchmark our jobs at least once per year.

  • As of today, ~95% or more of our jobs have a market benchmark match and have been market-priced.

Compensation Philosophy

Answer the questions as closely as they match your organizational state.

  • Our leadership team agrees on the compensation philosophy required to balance our human and financial needs.

  • We have documented a compensation philosophy that fits our current company stage and business goals that produces clear targets for each pay component (Base, Bonus, Value).

  • We have established a geographic pay strategy that balances our short term and long term financial goals.

Ranges

Answer the questions as closely as they match your organizational state.

  • We have a formal process to determine a range of acceptable pay for each job based on job content and the market.

  • The ranges we use are data-driven and carefully tied to analysis.

  • We use documented levels of contribution, knowledge, skills, abilities, or other job-related criteria to determine individual positions in our job ranges.

Internal Equity

Answer the questions as closely as they match your organizational state.

  • We track demographic employee characteristics like gender and ethnicity for use in regular internal equity audits.

  • When we conduct pay equity audits, we make compensation adjustments based on the findings.

  • We conduct regular internal pay equity audits and breakout data by gender and ethnicity (By regular we mean at least one time per year).

Communication

Answer the questions as closely as they match your organizational state.

  • We notify employees about pay increases and the associated reasons with written and verbal communication.

  • Our managers are equipped with the knowledge and tools to have compensation conversations with employees.

  • We give employees written information about where their pay is in the pay ranges for their job or level.

Application

Answer the questions as closely as they match your organizational state.

  • We set a budget to administer ongoing compensation programs (base increases, bonus, equity refresh, spot bonuses).

  • Our approach to compensation produces offers that talented people consider compelling on the first try.

  • Our approach to compensation makes it easy for hiring managers to put an offer together without delay or conflict.

Let us help you find an answer

About OpenComp Data

Where does your compensation data come from?

OpenComp data comes directly from our thousands of customers.

We do not buy outside data, and unlike many other providers, we do not utilize surveys that usually have out-of-date and inaccurately reported compensation data.

The OpenComp data set is unmatched in its specificity to small and medium businesses. Every input undergoes rigorous vetting from a team of compensation experts.

How to Differentiate Between Good & Bad Comp Data

What stages of funding are in your data set?

Our data set represents small and medium businesses. When you use OpenComp, you can be sure that you are building a compensation strategy that's as competitive as possible with companies like yours. 

What is a compensation strategy?

How often is your data refreshed?

Unlike traditional compensation data providers that update annually, our benchmarks are refreshed on an ongoing basis, giving you access to a perfect blend of up-to-date information and data accuracy.

We integrate with 20+ HRIS and equity management providers to automate compensation data entry and update your data and insights daily. This ensures you have the most timely compensation intelligence at your fingertips to conserve cash, ensure pay equity, and keep high performers.

Compensation Benchmarking for Startups: The Good, The Bad & The Ugly

How many companies in XYZ location can we compare to?

All of our benchmarks are statistically significant and accurate. We do not report locations where we cannot guarantee statistical significance and accuracy.

Simplify decision making with automated data intelligence

How many HRIS providers do you integrate with?

OpenComp integrates with 20+ HRIS and equity management providers. Simply access your admin console, click on the Sync Employees tab, and select your provider. The system will guide your integration process from there.

View Integrations