What should the HR department do if unable to conduct a market analysis for compensation structure redesign?

When the HR department is unable to conduct a market analysis for redesigning the compensation structure, performing an internal job evaluation is a critical step. This process involves assessing the relative value of various positions within the organization based on factors such as job responsibilities, required skills, and the complexity of tasks. By evaluating jobs internally, HR can create a fair and equitable pay structure that reflects the value of each position to the organization, even without external market data.

This approach allows the organization to ensure that employees are compensated fairly for their roles, which can help mitigate issues related to employee dissatisfaction and turnover. Moreover, an internal job evaluation provides a solid foundation for future compensation decisions when market data becomes available, ensuring the organization is well-prepared to align its compensation practices with industry standards.