MemberJune 8, 2023 at 3:25 pm
I use a market-based approach to compensation. In non-USA markets, I approach it from the perspective of housing costs. Select a level of the housing market where people in that job description tend to live and find the annual costs of housing. Divide that number by .3 and compensation should be close or above the result to be fair or generous. Check also with local labor laws. I believe that the Society for Human Resource Management and IRIS FMP have resources.