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Effective URL: https://www.payscale.com/research-and-insights/how-salary-market-data-supports-your-comp-strategy/
Submission: On May 13 via manual from IN — Scanned from DE
Effective URL: https://www.payscale.com/research-and-insights/how-salary-market-data-supports-your-comp-strategy/
Submission: On May 13 via manual from IN — Scanned from DE
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No charge Try it now * Browse all solutions * Why Payscale? * DATA METHODOLOGY From collection to validation, our data methodology delivers certainty * EXECUTIVE LEADERSHIP Meet the leaders dedicated to empowering better conversations around pay * CUSTOMER STORIES From start-ups to Fortune 100 enterprises, businesses are shaping the future of compensation with the help of Payscale THE TOTAL ECONOMIC IMPACT™ 235% ROI demonstrated through The Total Economic Impact™ Of Payscale Compensation Management Browse all customer stories * PAYSCALE CONNECT Our compensation community available exclusively to Payscale customers * Research & Insights * BY TOPIC * PAY EQUITY * COMP STRATEGY & STRUCTURE * SALARY DATA & MARKET PRICING See all Research & Insights * BY TYPE * RESEARCH REPORTS * WHITEPAPERS * EBOOKS * DATA VISUALIZATIONS * LIVE EVENTS * ON-DEMAND WEBINARS * FEATURED RESEARCH & INSIGHTS 2024 COMPENSATION BEST PRACTICES REPORT An effective compensation strategy involves several essential components. In this guide, we 2024 WORLDATWORK TOTAL REWARDS An effective compensation strategy involves several essential components. In this guide, we * PAYSCALE INDEX Track and compare wage-growth by city, industry, company size, and job category * Browse all Research & Insights Reports * Compensation Trends * BY TOPIC * PAY TRENDS & HOT TOPICS * SALARY DATA & MARKET PRICING * PAY EQUITY * COMP STRATEGY & STRUCTURE * RECENT COMPENSATION TRENDS ARTICLES LABOR MARKET UPDATE: THE 2024-2025 SALARY BUDGET SURVEY (SBS) IS NOW OPEN FOR PARTICIPATION Want to know what other organizations are budgeting for 2025 pay increases? HOW TO CALCULATE HOLIDAY PAY? STEP BY STEP Understand payroll processing and learn the process and the steps to process CALCULATING EMPLOYEE BENEFIT COSTS: A COMPLETE GUIDE Learn employee benefit costs and comprehensively choose the benefit plan that suits THE LEGISLATIVE LOWDOWN: APRIL 2024 Pay transparency legislation does not seem to be slowing down as 2024 * Browse all Compensation Trends Articles * For Individuals * CAREER RESOURCES Access helpful tools and insights for career planning and salary negotiation * FIND A JOB Return better results with Payscale Job Search * SALARY NEGOTIATION GUIDE Learn successful salary negotiation techniques * COST OF LIVING CALCULATOR Compare real living costs across different cities * CAREER PATH PLANNER Consider potential directions your career could take * COLLEGE ROI Calculate the 20-year net ROI for US-based colleges * CAREER ADVICE Explore real-world career trends and advice from the leaders in compensation HOW TO WRITE PROFESSIONAL EMAILS TO UNLOCK BUSINESS SUCCESS A professional email conveys credibility, intellect, and respect. Some key elements that Browse all Career Advice articles * CAREER ADVICE BY TOPIC * CAREER ADVICE * CAREER PROFILES * CURRENT EVENTS * DATA & RESEARCH * NEGOTIATION * WORK CULTURE * SALARY RESEARCH Uncover detailed salary data for specific jobs, employers, schools, and more * BY COMPANY * BY JOB TITLE * BY DEGREE * BY CERTIFICATION * BY SKILL * BY INDUSTRY * BY SCHOOL * COLLEGE SALARY REPORT Learn where the best career earners attended college * Take our salary survey to see what you should be earning Salary Survey * Get a Demo * United States (English) -------------------------------------------------------------------------------- * United States (English) * United Kingdom (English) * European Union (English) * Login * My Account * Logout * My Account * My Salary Reports * Business Dashboard * Get a Demo * Products * Software * Payfactors * MarketPay * Compensation Planning * Data * Peer * Employee Reported * Payscale Compensation Surveys * HR Market Analysis * Services * Partner Marketplace * Request a Demo * Solutions * By Challenge * AI at Payscale * Pay Transparency * Pay Equity * Pay Communications * Job Management * Location Based Pay * By Industry * Retail and Customer Service * Energy * Technology * Agencies and Consultancies * Healthcare * Why Payscale? * Data Methodology * Executive Leadership * Customer Stories * Payscale Connect * Research & Insights * By Topic * Pay Equity * Comp Strategy & Structure * Salary Data & Market Pricing * By Type * Whitepapers * Research Reports * eBooks * Data Visualizations * Live Events * On-Demand Webinars * Payscale Index * Compensation Trends * By Topic * Pay Trends & Hot Topics * Salary Data & Market Pricing * Pay Equity * Comp Strategy & Structure * For Individuals * Career Resources * Career Advice * Career Advice by Topic * Career Advice * Career Profiles * Current Events * Data & Research * Negotiation * Work Culture * Salary Research * Salary Research * By Company * By Job Title * By Degree * By Certification * By Skill * By Industry * By School * College Salary Report * Salary Survey * Login * My Account * Logout * My Account * My Salary Reports * Business Dashboard * Free Compensation Data United States (English) Language Selection * United States (English) -------------------------------------------------------------------------------- United States (English) United Kingdom (English) European Union (English) Home Research & InsightsHow salary market data supports your comp strategy eBooks HOW SALARY MARKET DATA SUPPORTS YOUR COMP STRATEGY Compensation market data is what enables organizations to confidently price jobs. It allows you to assess what an employee should be paid relative to other people with the same job or similar responsibilities in each location. Since there are a variety of compensation data sources available, it’s crucial that you choose wisely. 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In doing so, you also consent to our Terms of Use and Privacy Policy. You can unsubscribe via email at any time or by visiting our preference center. Download ebook BUILD YOUR APPROACH An effective compensation strategy involves several essential components. In this guide, we are focusing on the types of salary market data and what to consider when using each type. MORE ARTICLES PAY EQUITY: EQUITABLE PAY AND OUTCOMES COMP QUICK GUIDE: RESPONDING TO EMPLOYEE REACTIONS TO PAY TRANSPARENCY CASE STUDY VIDEO PRESENTATION FROM VISTA AND PAYSCALE HOW TO MANAGE PAY COMPRESSION WITH AGILE COMP POWERFUL RESEARCH AND MEANINGFUL INSIGHTS POWERFUL EBOOKS BEST PRACTICES IN PAY-FOR-PERFORMANCE THE CHALLENGE OF PAY TRANSPARENCY * Products * Solutions * Why Payscale * Research & Insights * Compensation Trends * For Individuals * Press Releases * In The News * Compference * Events * About Us * Careers at Payscale * Contact Us * * * * © 2024 Payscale, Inc. 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