Who is responsible for a pay survey?
- Compensation Manager/HR Manager/Consultants
- Participate in a survey/buy survey data
Hay, Mercer, Watson Wyatt, PMAT, HR center
www.salary.com, payscale.com
Use more than one source to cross-check (validate)
- Avoid legal issues (e.g., conspiracy of trade)
- Use publicly available data (e.g., internet information)
- Send employees out for job applications at other firms
How many employers should be included?
Which jobs should be included?
What information to collect?
Designing the Pay Survey