{"id":17162,"date":"2026-11-06T16:38:56","date_gmt":"2026-11-06T15:38:56","guid":{"rendered":"https:\/\/smartfp.cz\/glossary\/benchmark\/"},"modified":"2026-11-06T16:40:21","modified_gmt":"2026-11-06T15:40:21","slug":"benchmark","status":"publish","type":"page","link":"https:\/\/smartfp.cz\/en\/glossary\/benchmark\/","title":{"rendered":"Benchmark"},"content":{"rendered":"\n
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Benchmark<\/mark> \u2013 How to Use Market Compensation Comparisons<\/strong><\/h1>\n\n\n\n

A compensation benchmark is a reference point against which a company evaluates its own compensation levels. It could be, for example, the median base salary from a survey for a given profession and region. When discussing compensation, it helps distinguish the company\u2019s position in the market from differences among its own employees.<\/p>\n\n\n\n

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How to Choose a Reference<\/strong><\/h2>\n\n\n\n

Compare the job description, seniority, region, and data collection date. Determine whether the source lists the base salary or total compensation, and which statistical measure it uses.<\/p>\n<\/div>\n\n\n\n

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How to Explain the Value<\/strong><\/h2>\n\n\n\n

Note the source and the validity period. If you\u2019re using a broader market category for a highly specialized role, specify the difference in responsibilities that may affect the comparison.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Position with a monthly base salary of 54,000 CZK<\/strong><\/h2>\n\n\n\n

The survey reports a median base salary of 60,000 CZK for a comparable full-time role. The company\u2019s base salary for the same work schedule corresponds to 90% of the benchmark. The difference of 6,000 CZK serves as a basis for considering the salary range. When deciding on any adjustment, also take into account similar roles within the company.<\/p>\n\n\n\n

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Can the same benchmark be used for multiple branches?<\/strong><\/h2>\n\n\n\n

Yes, provided the job roles are sufficiently similar and the relevant labor market is comparable. Otherwise, select a regional benchmark or explicitly describe how broad a market the data represents.<\/p>\n\n\n\n

When reviewing market data, verify whether it represents an average or a median,<\/a> and compare the compensation components<\/a> included in the survey.<\/p>\n\n\n\n

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No obligation and free of charge<\/p>\n<\/div>\n\n\n\n

How can you compare your compensation with the market?<\/strong><\/h2>\n\n\n\n
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Bring data from the survey you use. In this example, we\u2019ll discuss how to enter a market benchmark in SmartFP and its significance for a specific position.<\/p>\n<\/div>\n\n\n\n

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Schedule a free demo<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Benchmark \u2013 How to Use Market Compensation Comparisons A compensation benchmark is a reference point against which a company evaluates its own compensation levels. It could be, for example, the median base salary from a survey for a given profession and region. When discussing compensation, it helps distinguish the company\u2019s position in the market from […]<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":12001,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","inline_featured_image":false,"_eb_data_table":"","footnotes":""},"class_list":["post-17162","page","type-page","status-publish","hentry"],"yoast_head":"\nBenchmark | SmartFP Compensation Glossary<\/title>\n<meta name=\"description\" content=\"How to choose an appropriate salary benchmark and compare your base salary to the market median. 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