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Compensation Data that Makes a Difference
July 20, 2017

Compensation Data that Makes a Difference

Jason Magill | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with PayScale Insight Expert

We use PayScale within the human resources department to provide compensation data to our organization's decision makers and to support ongoing pay strategies. It's also useful for comparing positions to find the right description that meets the role and expected pay range. It allows us to address pay issues on an organization-wide and individual basis.
  • PayScale provides us with up-to-date data to help make compensation decisions for our organization.
  • PayScale's team is not only knowledgeable in their product, they also have insight into best practices and strategies.
  • Integration with our HRIS would be ideal.
  • Providing more focused resources to provide to senior leaders who make most of the final calls.
  • PayScale has allowed us to better target our compensation strategy, which has reigned in managers who were increasing pay MUCH quicker than necessary.
  • The changes we've made over the past couple of years have allowed us to pinpoint areas of need. For example, we adjusted our starting pay for our primary job class and reduced turnover from over 60% to under 30% in 18 months. Reduced turnover is a clear positive impact on ROI.
PayScale is particularly suited for mid-sized organizations which don't have the typical resources of an enterprise solution. The setup for jobs and structures provide several areas for customization, such as niche licensing, that may affect compensation. It's also helpful with better defining existing positions that have further developed over time. For example, we just transitioned a job class to a new assistant manager class partially based on the descriptions provided by PayScale.