Structuring your comp data
During onboarding, Compa sends a questionnaire to your compensation team to capture company info and the details of your compensation programs in order to accurately map the data in your applicant tracking system (ATS).
The questionnaire covers topics regarding company info, compensation programs, and career architecture.
In order to make it possible for you to filter market data to relevant company sources, Compa gathers basic info about your company.
Examples of company info include:
Countries you operate in, e.g., United States, India
Industry, e.g., Semiconductor, Fintech
Size, e.g., 6k-15k employees
Revenue, e.g., $1 billion - $5 billion
Type, e.g., Public, Private, Not-for-Profit
During onboarding, you will complete the Comp Questionnaire to share key details of your compensation programs. Our implementation team will then review it and follow up with any questions to ensure data fields in the applicant tracking system (ATS) are accurately structured and mapped.
The fundamental building blocks of making compensation apples-to-apples are pay element type, value, and timing.
Let’s take stock compensation as an example:
Value: $ value
Timing: 4-year standard vest
Compa Index includes data for all kinds of pay elements included in the offer, including base salary, bonus, and stock compensation. Offers-based data can provide unique insights to one-time pay specific to offers, such as signing bonuses.
In the example of signing bonuses:
Type: Cash bonus
Value: $ value
Timing: Year 1, one-time
Compa additionally captures the types of jobs at your organization to ensure pay is structured appropriately.
For example, if your organization includes sales roles, Compa will identify base salary versus on-target incentive (OTI) pay in the ATS. Or, if your organization includes front-line field roles, Compa will identify hourly base salary rates instead of annual rates.
Want to find out more? Contact email@example.com to chat with a sales representative or email firstname.lastname@example.org to get answers to any additional questions you may have about Compa Index.