How to Make Pay Decisions Confidently with CompAnalyst

Traditionally, an annual salary increase was enough to keep employees committed and motivated. Compensation expectations are changing, and your strategies when making pay decisions need to evolve, too. Using a tool can help you make informed decisions, with confidence.

Salary.com has created an all-in-one solution. CompAnalyst addresses the entire compensation process allowing you to make the right choice for your organization every single time.

CompAnalyst Market Data

• 15,000 unique job titles
• 225 industry breakouts
• 27,000+ compensable factors
• 42,000+ geographies
• 800 million market data points
• 21 countries

How CompAnalyst Helps You Make Pay Decisions

CompAnalyst offers customizable comprehensive compensation management. Our data set allows for flexibility so you can find the right fit for your company. You can create and model salary structures by looking at data from a national perspective all the way down to a zip code. The tool also offers pay equity analyses to help you make the right choices.

With CompAnalyst you can:

• Market price jobs with current data you can trust
• Create and model salary structures in 3 steps
• Analyze pay equity
• Job description management
• Compensation reports to communicate transparently
• Identify pay gaps and flight risks
• Receive professional consultation
• Access a dedicated service team

How Does CompAnalyst Work?

Our market data is updated every month. We publish new jobs as they become available, so you’re making comparisons with relevant industry vacancies. You can create hybrid jobs to get a better reflection of what you have internally and find the best match for what you need to price. You can tailor positions, job families, job levels, experience, base salaries, and geographical variables. All job listings are available to be viewed in compact or detailed perspectives.

Scope the Data in Three Steps

1. Find the right match
2. Navigate the information
3. Save and export

CompAnalyst gives you the option to view your data in more detail. You may choose to alter the specific geography, from global to national, or even a zip code. You’re also not limited to one industry and can scope out competition across industries. Data can be refined down to company size or even revenue.

We’ll provide information on base salary as well as total compensation with data ranging from the 5^th to 95^th percentiles. The information will be used to benchmark your positions and match them to your organization’s jobs. You can review the information and change things to best suit what your position entails. Each time you make adjustments, the compensation will be recalculated.

If you need to present this information, there are export options including PDF and Excel. You can also save your data on CompAnalyst to return to later. Compensation management is an ongoing process and you will need to make changes constantly.

Salary Structures

On CompAnalyst, you can view this information in a salary structure. We offer a visual that makes it easier to digest the data. By selecting aspects of the visuals, you can see the minimum and maximum compensation ranges and tell a story through your employee data alongside market data.

This is when your finance team may become involved. The ranges are a great start, but then you need to discuss what adjustments you’ll be making keeping your organization’s budget in mind. This can give you an idea of what it will cost to bring all your employees to at least the minimum of the ranges that have now been set. Sometimes you may need to offer much more due to market competition.

More on CompAnalyst

Making pay decisions is a complicated process. A tool like CompAnalyst will provide you access to a broad pool of market data so you can make calculate compensation choices for your organization.

If you’d like to see a demonstration of Salary.com’s CompAnalyst and find out how to access a demo or arrange a consultation with one of our specialists, watch the webinar - Make Pay Decisions with Confidence - Webinar Demonstration of Salary.com’s CompAnalyst - Salary.com (wistia.com).