Compensation Analysis is the process of evaluating and comparing the salaries and benefits offered to employees within an organization or across the industry. This analysis helps ensure that compensation is fair, competitive, and aligned with the organization's goals. It considers factors such as job responsibilities, market trends, and employee performance. By conducting a Compensation Analysis, companies can identify any disparities in pay and make necessary adjustments to attract and retain talent. This practice not only promotes employee satisfaction but also supports compliance with labor laws and regulations, fostering a positive workplace culture.