this is what we do at Bulb Comp Data
We are like "The Race Car Mechanics"
Allow yourself to think about a race car driver for a few seconds. He (they all seem to be male…) could probably get out of the race car and replace the four tyres during a race when they are worn out. That would be a strange sight though! Why would he do that himself? It would probably take 20 minutes and he would be dead last in that race. He has a team of mechanics supporting him with that. To be able to win the race they have the best tools available and have practiced the tyre replacement a thousand times. On a good day they replace all tyres in 3 seconds.
THEN BACK TO YOURSELF.
You as a Comp&Ben professional or HR Head could compile public executive compensation data and financial performance indicators for a good benchmark, and some of you are doing that today. But why would you do that yourself? It takes hours. It is not the most fun job. Bulb Comp Data is like the tyre replacement team.
LET US COMPILE PUBLIC COMPENSATION DATA AND YOU CAN FOCUS ON IMPORTANT THINGS
What does it mean in practice?
Maybe this sounds OK. But you have not seen what output you get.
What You Get