Get a Low-Cost Compensation Review of Your Nonprofit with 3 Easy Steps
Blue Whale believes in providing effective, simple, low-cost solutions for nonprofits needing a compensation review to remain competitive and equitable. Nonprofits have uniquely been impacted by the turbulent job market, and we want to help get your compensation program back on track. Over the first year of the pandemic, the nonprofit sector lost more than 7% of its jobs, according to the Johns Hopkins Center for Civil Society Studies. How has your company fared since then?
Market Stance Report
This insightful and dynamic data report shows how your company’s compensation program compares to the market.
This 10-page report provides insightful and dynamic insights into your company’s compensation program and how it compares to the market. The review and analysis can help you make more confident decisions about your program and staff and inform you about employee engagement with your organization. Following our three easy steps, you can receive this report within 5 to 7 business days.
The market report includes:
• A market analysis of matched positions within the company.
• A summary of the company’s overall comp market position.
• An assessment of the comp program’s strengths and weaknesses.
• A visual pay comparison between groups of either gender or ethnicity
• A report of pay grades and ranges for classifications
How does it work?
The market report is based on the job titles requested. They are matched against current market levels based on company size, industry, and labor market. The assessment is based on the differences between your current salaries and the market.
Ready? Get your report: As easy as 1-2-3!
Step 1: Data Input Form
The reporting form is a spreadsheet with instructions on how to report the titles and salaries of the jobs you would like to be market-priced. Download the data input form here. Your report will be based on the number of job titles you specify. To produce viable results, we generally recommend that companies report no less than half of the jobs within their company. At this time, you may include the employee’s gender or ethnicity if you would like a breakout report.
Step 2: Comp Report Form
Once it is ready, use the Comp Report Form to upload your data file and answers to a short set of questions regarding your compensation program.
Step 3: Get your Results
Your input will be confirmed via email by a Blue Whale associate. Generally, your market report is available within 5 to 7 business days. If you would like more information about our small business market report or would like to schedule a call with an associate, write us at support@bluewhalecomp.com.
FAQs
1. What can I expect in my report?
- A comparison of wages and salaries to the market. Comparison based on location, primary industry, and employment size.
- An overall estimate of your company’s market position based on the detailed market analysis
- Grades and ranges for the classifications matched.
- A detailed review of your compensation program, including its strengths and weaknesses.
2. What’s the cost?
- Fees generally range between $1,250 to $2,100, limited to small-size companies and those with less than 20 employees. Additional classification services, including job leveling and point-factor analysis, are excluded from this service. For more information on other plans, click here.
3. Can I get a market comparison just for a few jobs?
- Yes, we can match as few or as many jobs as your organization. However, you may only receive one report per organization.
4. What about if I have multiple locations? Can I get one for each site?
- This service is limited to one report per company. Additional reports are $750 per location.
5. Once I provide my data, what’s the turnaround for my report?
- We generally provide the report within 5 to 7 business days, if not sooner.
6. Do you provide assistance in interpreting the report?
- Yes, we provide a 30-minute no-sales phone consultation with a comp consultant to review results and discuss other findings.
7. How often can I get a report?
- The reports are limited to one per company every 18 months.
8. What data do you need from me to run my report?
- We will need titles and wages for each position. You can also include gender or ethnicity and get a breakout by the group.
- We also need company size, location, and employment size.
- Complete the 5-minute Comp Assessment questionnaire.
9. Do you need job descriptions?
- If they are available, yes, but they are not necessary. The market comparison is based on algorithms, the structure of the titles within your organization, and comparison to other organizations.
10. Our organization has a very unique set of titles and functions. Is that a problem?
- We generally can match over 60% of classifications within an organization. If the titles within your company yield a lower number, we will contact you and discuss possible solutions.
11. How do we know if the data is valid?
- Blue Whale has access to multiple compensation data sources. The data is constantly curated to maximize the accuracy of our reports.
12. Bonus information is essential to us. Is that part of the report?
- Yes. We provide bonus information that will allow the client to pinpoint the targeted bonus amounts.
13. Is the service free?
- Our services are centered on designing and building compensation services that are low-cost and attractive for organizations that are looking for effective compensation solutions.
- Our Basic comp plan delivers on that goal. Companies are more likely to implement sound fundamental compensation principles once they have a source for affordable and practical solutions.
- However, the report should be considered a solid but preliminary in-depth review of the company’s compensation levels. As compensation programs vary in complexity and scope, further analysis and review of the organization’s compensation program may be warranted. To discuss the application of this report, please contact us at info@bluewhalecomp.com.
14. If we need other compensation services, how are fees structured?
- Additional compensation services generally are based on the size of the organization and the scope of the services needed. Our fees are typically affordable and competitive as compared to other compensation solutions. We offer full compensation services, including BlueComp, our compensation management system app.
15. I am a consultant -can I register my client?
No. Registrations must be initiated by an authorized agent employed by the organization making the request. Consultants or other service providers, including insurance brokers, attorneys, or those providing outside guidance to the registered organization, may only register a client after entering into a separate written agreement with Blue Whale Compensation Services. For partnership opportunities, contact us at support@bluewhalecomp.com.
16. Can any company receive this report?
For the most part, yes. However, there are some restrictions; please note the following guidelines.
We reserve the right to limit our Basic Compensation Plan report to the following organizations:
(1) Companies with more than 750 full-time employees.
(2) Companies with less than ten full-time employees.
(3) Municipalities or government agencies.
(4) Companies with the majority of employees reside outside the continental United States.
(5) Organizations that have been in business for less than three years.
(6) Where information is for the purpose or part of a company’s legal proceeding.
(7) To parties outside the registered company, including consultants, brokers, agents, or non-employees who are compensated for their services by the registered company.
(8) Organizations where the majority of the workforce works under a collective bargaining agreement.
(9) Organizations where most of the workforce works under a commission or draw plan, including sales agents, brokers, and commission-only classifications.