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Compensation and Benefits
Salary Surveys
Salary surveys are useful management tools which can be used
as a basis for establishing
pay, and for comparing company wages to the labor market. By
comparing wages, companies can develop competitive pay structures
that do not over or under pay market demands. By keeping up to date
and being competitive
on wages, we satisfy our employees and simplify our job. Surveys can
provide an effective strategy for allocating funds to recruiting
and retaining workers.
With all the information available on
the Web, salary survey information is easy to locate. Finding the right survey may be
more difficult. Sources include professional and trade associations, industry
magazines and publications, and the government. Here is a list of sites
and what they have to offer.
- With over 100 listings, JobSmart seems to be the largest database online for salary survey
information. It is a California Job Search site that has classified surveys into two sections:
- The Bureau of Labor Statistics includes salary information by profession
in the
Occupational Outlook Handbook. It also provides
information on job outlooks.
- Exec-U-Net provides salary, bonus, and options for 650 upper-management positions.
- Those needing salary information on higher education, engineering,
or computer fields can find a list of locations at
HR Plaza: Salary Survey Sites. Information on top markets and
unemployment statistics can be found in the
Fast Facts section.
-
Salary Survey & Career Navigator by Romac International,
offers a free mid year survey with the latest trends and salary data on most major industries.
- Wageweb offers compensation data on 150
benchmark positions in areas of Administration, Engineering, Finance,
Healthcare, HR, Information Management, Manufacturing, and Sales/Marketing.
Job descriptions are also available on Wageweb. Members may also view
data by geography, size of organization or industry. Membership
requires a nominal fee per year.
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