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Taylor ArgensSenior Account Executive
Lilly MilanovicSenior Account Executive
Are You Paying Fairly?
A Small Business Guide to
Compensation
www.payscale.com
15,000 Positions 3500 Customers 11 Countries
250 Compensable Factors54 Million Salary Profiles
Why You Need to Get Pay Right
www.payscale.com
Why Comp Matters• One of your largest
expenses• Attract and Retain Talent• It’s good for business
A Battle With Perception
www.payscale.com
Sources of Data
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• Glass Door• Free industry/association reports• Asking other businesses (FYI – this
could be seen as collusion)YOU’RE PUTTING YOUR BUSINESS AT
RISK USING THESE SOURCES OF COMPENSATION DATA
Free Data = Danger!
• Published, Traditional Surveys• Aged Data• Limited in scope• Too Generic
Survey Data = Old Data
www.payscale.com
Gaps With Employer Submitted Data
32 jobs were benchmarked in 7 west coast cities by both PayScale and Traditional/Employer Submitted Survey. The 32 jobs examined in the analysis represent a wide variety
of functionality, level, and industry, the above is just a sample of the findings. Just look at the gaps.
Modern SaaS Comp Software is the Way Forward
www.payscale.com
• Manage your largest expense • Fresh Data• Discover Trends• Communicate Comp• Scales with your business
www.payscale.com
Why Modern Comp Software
Let’s Take a Look
www.payscale.com
DEFINING YOUR MARKETS
MATCHING YOUR TITLES
DATA FOR YOUR TITLES
RANGES FOR YOUR TITLES
IMPROVE THE COMMUNICATION
QUESTIONS?Request a free comp analysis: http://resources.payscale.com/hr-request-a-free-comp-analysis.html
“It’s easier to justify salaries to employees and internal decision makers, like finance. We can say ‘that’s what the data says.’” -Tracey Mikita VP of HR at Freshbooks
Visit PayScale.comto learn more
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