Wage Benchmarking_LB LBrown July 11, 2025
wage benchmarking mockup
wage benchmarking mockup
Are your wages competitive?

Pay isn’t everything. And you don’t have to be the top payer to attract the right talent. But being competitive is a crucial part of your attraction and retention strategy. But to be competitive, you first need to know what is competitive.

People

56% of candidates would consider another job offer for better pay. 

70% of employees would leave their organization for better pay.

49% of employees chose their current employer because of its benefits.

The makeup of wage benchmarking

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Regional market analysis

Salaries can vary significantly by location, so it’s important to evaluate compensation trends based on local cost of living, industry standards, and what nearby competitors are offering.

Understanding your target audience

This ensures your pay strategy meets the specific priorities of different roles, generations, and career stages—like offering growth opportunities for younger employees and stability for more experienced talent.

Creative benefits

Look at ways to strengthen your overall compensation package. Think flexible scheduling, mental health support, career development stipends, childcare support. These can make a significant difference, especially when salary alone isn't enough to stand out.

Proven Partnerships

Blog Posts

TESTIMONIALS
Customer reviews
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Do you know if compensation is contributing to turnover at your facility? Find out how you stack up.