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

www.payscale.com

• 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