Compensation Studies

Compensation Studies

HQ Services, Inc. creates its compensation studies by gaining the same information from 4 separate sources: employers’ feedback, employees’ feedback, recruiters’ placement data, and thorough marketplace research. Using these different sources enables inherent biases unique to each viewpoint to be effectively cancelled out, providing our clients with compensation numbers that are far more accurate than ones drawn from just using one of these sources.

Created by Graham and her market research team who understand all the subtle differences between finance groups that other compensation teams don’t always comprehend, HQ Services, Inc. compensation reports even adjust for different countries’ tax and benefit structures, different locations cost of living, etc.

A Few Engagements of Note:
- ABN AMRO: conducted a global compensation study for a specific niche sector that identified the correct ranges their senior executives should be at to be slightly above market value plus demonstrated how to adjust for different countries’ tax and benefit structures in overall packages to retain global team compensation parity.
- ANOTHER MAJOR INTERNATIONAL BANK: conducted a compensation study that demonstrated that the numbers provided by their consulting firm’s compensation group were inaccurate due to rapidly changing market conditions that were captured by HQ Services’ methods. Result: saved bank from losing a number of its top producers to competitors who had already raised their compensation levels and were beginning to target this company’s stars.
- MORNINGSTAR: conducted an intensive compensation study of all equity and mutual funds analysts in the greater Chicago area to establish a competitive package for a new department.