The Accurate Market Analysis & Benchmarking Data You Need

Back your HR and compensation decisions up with real data, thanks to market analysis and benchmarking insights. Get current, peer-relevant data and turn it into actionable insights with help from the experts at Astron Solutions. 

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What is market analysis and benchmarking?

Market analysis and benchmarking involve assessing your relevant industry to identify trends, determine sector standards, and compare your organization’s compensation and HR practices against others. 

With this information, your organization can set fair and competitive wages and get the hard data you need to explain your HR strategy to leadership. 

Then, with your new strategy in place, you can determine if your results align with your relevant industry. Never be left guessing whether your outcomes are unique or a sign of larger trends.

How Astron Solutions can help

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Reputable Databases

Get vetted, peer-relevant data that you can trust. Astron Solution will leverage its extensive, trustworthy databases to provide information you can rely on. 

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Expert Analysis

Astron Solutions will help you understand sector benchmarks, enabling you to make strategic decisions based on your new data. 

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Timely Updates

The economy can change quickly, so we designed our market analysis services to give you a snapshot of the current market. 

Hear from organizations that trust Astron Solutions

“We have been using Astron Solutions for several years now. The partnership is extremely valuable to our organization as we continue to experience rapid growth. The team at Astron really understands our organization and our industry and provides crucial data each year for us to be able to make meaningful decisions for our organization. We look forward to continuing our relationship with Astron in the coming years. As a non-profit, it’s very important to us to work with an organization that understands what we do and where we’re going. The annual project is cost-effective, efficient, and provides exactly the type of information we need to make important financial decisions.” – Luke Blankenship, Vice President, DePelchin Children’s Center, Houston, TX
“I have greatly appreciated the depth of Astron Solutions’ knowledge and involvement in the design and updating of our executive and staff base and incentive compensation systems, with particular respect to their expertise and insights in designing programs that reflect the mission of our organization. They have shown to be responsive and flexible in working with our staff at all levels.” – Emma Devito, President and Chief Executive Officer, Village Care, New York, NY
“Jenifer Loftus exemplifies what it means to truly invest in the growth of the Total Rewards profession. I’ve had the privilege of getting to know Jenifer through our shared involvement with WorldatWork, and her passion for elevating our community is unmistakable. Beyond her consulting work at Astron Solutions, Jenifer has been a steady and influential force in the broader Total Rewards field. From her service on the WorldatWork Affiliate Advisory Council to her constant willingness to share insights and support peers, her energy and deep expertise make her not only an industry leader, but also a mentor and trusted partner to so many of us in the Total Rewards space.” – Rene Velazquez, Global Compensation Director, Gates Corporation, Denver, CO

Your market analysis and benchmarking questions answered

There are two types of benchmarking: internal and external. Internal benchmarking involves assessing your organization’s internal practices, often through staff surveys. In contrast, external benchmarking analyzes the broader market to see how your organization measures up against sector standards.

Market analysis and benchmarking provide your organization with data about competitive organizations, allowing you to make strategic decisions related to:

  • Setting compensation and benefits
  • Assessing whether recent HR trends at your organization are reasonable based on your industry

We highly recommend working with a consultant to ensure you base your compensation and HR decisions on accurate, trustworthy data. Conducting a few internet searches or asking general AI tools will likely provide biased results based on a handful of individuals’ experiences, which may skew your HR strategy. 

Along with access to vetted databases, consultants also have advanced industry knowledge to interpret market data, enabling them to spot trends and provide advice for how your organization can position itself.

The total rewards compensation consultant you need

For over 25 years, Astron Solutions has offered expert compensation consulting services, including strategic market analysis and recommendations. 

Understand your industry, make strategic decisions, and stay competitive in your sector with Astron Solutions.

Get the market analysis and benchmarking insights you need