IBISWorld’s Compensation & Benefits Planning Services Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Compensation & Benefits Planning Services.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Compensation & Benefits Planning Services - Recent Price Trend

The price of compensation and benefits planning services has fallen at an estimated annualized rate of 0.5% in the three years to 2017, anchored by mounting competition in the market. Most operators are small companies servicing a narrow geographic region, so they lack the necessary resources to garner a large share of market revenue. As a result, providers of compensation and benefits planning...

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Compensation & Benefits Planning Services - Total Cost of Ownership

The total cost of ownership for compensation and benefits planning services is moderate, wherein buyers can expect to pay between 50.0% and 100.0% of the benchmark price per year on ancillary services. Additional costs that buyers should be aware of include the travel costs of visiting consultants and administrative fees the vendor may charge. Furthermore, it is important for buyers to develop...

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About this Report

This report is intended to assist buyers of compensation and benefits planning services. Vendors assist with the development, communication and implementation of staff benefits programs and compensation systems. Benefits planning may include evaluating a firm’s retirement plans, health insurance, vacation pay and employee stock options. Compensation planning refers to the development of a firm’s wage or salary programs and structures. This report does not cover general human resources consulting or outplacement services, although there is some overlap with these services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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