Make Pay Decisions with Confidence

If you’re a company that wants up-to-date, reliable salary information, you should consider Salary.com’s CompAnalyst platform. It allows you to look across multiple geographies, ensures you’re staying competitive, guides remote work compensation, and helps you make fair pay decisions.

CompAnalyst Market Data

The Market Data feature on CompAnalyst allows you to gather market intelligence. You can house your own company data and build out internal salary structures. There is access to 15,000+ jobs from 22 different countries. Because the data is updated monthly, you can be sure that it truly reflects what’s happening in the market.

Start by finding the job you’re interested in analyzing. Select the geographic location and industry group, and finally pull pricing reports. With three easy steps, you can access tailored information that considers the cost of living, cost of labor, and different industry locations. You can manage all these data points from a geographic perspective on the system.

Selectable Variables

When pricing certain positions in your organization, it can be difficult to find roles that reflect yours exactly. CompAnalyst has standard roles and unique ones in niche industries. Every job has a description, the required skills, and licensing information. As we know, titles of positions vary by organization, so these details are important when pricing a role.

There are also geographical variables. You can look at locations, national or global. CompAnalyst has information from 22 different countries and the option to filter data depending on US regions, states, or even zip codes. Obviously, the organizations you compare yourself to matter. Using CompAnalyst, home in on sectors, industries, or sub-industries. You can choose company sizes that reflect your own, too.

Salary Information

Once you input all the relevant information you need to make market comparisons. CompAnalyst provides you with salary information in one view. You can see base pay for specific roles or locations. There are also pay percentiles that you can apply depending on your pay philosophy. All this information can be saved and adjusted or reviewed when necessary. This allows you to keep on top of any shifts in the market seamlessly within the database.

Internal Data

CompAnalyst allows you to bring in your own internal company data. You can identify where your employees in a particular job sit against the market, including the percentile their pay measures at. This information suggests what you need to do to update your salary structures and stay competitive in the market.

If you don’t already have salary structures, the software includes a tool to create them. Decide how many structures you need and build them in three easy steps. You’ll need to consider exempt or non-exempt jobs, set job families, or simply add all your organization’s positions and see how they slot within pay ranges.

All this information can be used to help managers and leaders talk about pay with their teams. The flexibility of the reports and tools means your organization can talk about pay more transparently and confidently.

Planning & Adjusting

Use the information the database offers to ensure your pay grades are aligned with market trends. CompAnalyst provides informative graphs that project what compensation trends you should expect. You can then plan for costs and budgeting and create a plan. This way, you’re more prepared to continually move jobs to remain aligned with market data. Any active structure on the program can be modelled to identify outliers. By identifying the gaps, you can take the required action promptly.

Find Out More

This fully integrated platform means your compensation practices can be equitable and competitive in the market. You can make pay decisions with confidence. Watch the webinar for more information on CompAnalyst and to find out how to sign up for a free, personalized one on one demo with a Salary.com specialist.