Salary Survey Data
BKate
100 Posts
I have been an HR Manager for a while, but I'm pretty new to the compensation field. Could someone with expertise in this field give me some ideas on how many sources of salary survey data most compensation analysts look at when market pricing salaries at their companies? Also, how often should I be looking to update the data I'm relying on?
Comments
One other thing you might want to do is find the % of increase/decrease between this year's salary data for a specific job and last year's salary data for the same job. Using several different sources of data will give you a fairly good idea as to increase over the year for the specific job. When choosing data from serveral surveys, I generally try to make sure that the job descriptions match and the data is coming from the same locale.