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Franklin City Council Agenda May 23, 2022, Council Chambers 207 West Second Avenue Franklin, Virginia 23851 6:00 P.M. Compensation Study Briefing 7:00 P.M. Regular Meeting CALL TO ORDER. . . . PLEASE

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How to fill out compensation study briefing

01

Begin by gathering all relevant data such as job titles, job descriptions, and salary ranges.

02

Analyze the data to identify any discrepancies or inconsistencies in compensation.

03

Determine the benchmark data sources to be used for comparison.

04

Create a detailed report summarizing the findings of the compensation study.

05

Present the report to key stakeholders and discuss any recommended changes or adjustments.

Who needs compensation study briefing?

01

Human Resources professionals

02

Compensation analysts and consultants

03

Organizations looking to ensure fair and competitive compensation practices

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What is compensation study briefing?

Compensation study briefing is a report that analyzes and documents the compensation structure within an organization.

Who is required to file compensation study briefing?

All organizations with employees are required to file a compensation study briefing.

How to fill out compensation study briefing?

To fill out a compensation study briefing, organizations must gather data on employee compensation, analyze the data, and document the findings.

What is the purpose of compensation study briefing?

The purpose of a compensation study briefing is to ensure fair and equitable compensation practices within an organization.

What information must be reported on compensation study briefing?

Information reported on a compensation study briefing may include salary ranges, benefits packages, and incentives offered.

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