Reports that analyze multiple compensation factors including base pay, bonuses, and benefits are known as what?

The correct answer pertains to compensation surveys, which are specifically designed to provide comprehensive analyses of various aspects of compensation. These surveys typically gather and analyze data regarding base pay, bonuses, benefits, and other forms of remuneration within different industries or geographical areas. By evaluating multiple compensation factors, compensation surveys help organizations understand their competitive position in the job market and make informed decisions about their compensation strategies.

These reports serve a critical role in helping HR professionals to align their compensation packages with market standards and employee expectations, ultimately aiding in talent acquisition and retention efforts. Through this analysis, companies can adjust their compensation offerings to remain attractive to talent while also ensuring equity and fairness among their employees.

The other options, such as employee satisfaction surveys, market analysis reports, and job evaluation reports, focus on different aspects. Employee satisfaction surveys gauge how employees feel about their jobs and the workplace environment, while market analysis reports generally focus on broad economic conditions rather than specific compensation factors. Job evaluation reports assess the relative value of jobs within an organization to determine appropriate compensation but do not analyze multiple compensation factors like bonuses and benefits in conjunction with base pay.