7. Pricing: How much does it cost?
Some global compensation benchmarking vendors, such as traditional survey companies, are primarily data-only providers.
They often price based on location – so if you’re looking for global coverage, you’ll likely need to purchase separate country or region-specific surveys to access benchmarks you need.
Meaning, costs can quickly increase as you expand into new hiring markets.
TestGorilla, a 130-person team hiring across 40 countries, ran into this directly.
As Senior People & Culture Partner Luis García de la Cruz explains: "If you want all of Europe from a provider like Korn Ferry, you need to buy Southern Europe, Central Europe, Western Europe, UK, Benelux, and Nordics separately, and then manually combine them into an average. You're paying for five or six different benchmarks when what you really want is one that combines them."
Switching to Ravio as a single platform with pan-European coverage took their confidence in compensation data from five out of ten to eight out of ten.
Pricing models vary as well – with some providers charging per employee, others per seat, or pricing different platform modules separately.
That said, never evaluate pricing in isolation.
Lower-cost compensation data can still become expensive operationally if teams spend significant time validating benchmarks, interpreting raw survey exports, or manually aligning data across compensation decisions.
That’s why it’s important to consider both the cost of the data and the internal workload required to make the benchmark data usable.
This is also where tech-first providers can create operational efficiency.
Ready-to-use benchmarks, automated role mapping, and integrated compensation workflows can reduce manual interpretation and admin work teams need to handle internally.
For smaller People teams, especially, ease of use and implementation time can matter just as much as benchmark depth.
Some providers also offer free benchmark access or limited free benchmarking tiers, which can be useful for evaluating benchmark relevance before committing to a larger compensation platform rollout.
Ravio, for example, offers three free benchmarks so teams can test benchmark quality, peer relevance, and market coverage before building internal buy-in.
When evaluating pricing, assess:
- Whether pricing is based on employees, seats, or platform modules
- What’s included in the base benchmarking product
- Whether compensation planning workflows are included or require separate software
- How much manual work is required internally
- Whether the platform fits your team’s current compensation maturity and complexity
- Whether you can test benchmark relevance before committing fully
If you want to understand how benchmark quality impacts compensation costs, hiring efficiency, and pay decisions over time, this guide on the ROI of reliable compensation benchmarks breaks it down in more detail.