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PayScale Insight offers a modern compensation software that gives organizations the ability to track and analyze their comp strategy with fresh salary data. Benchmark a position based on your job description, title, and compensable factors and price it to the market. Track trends by job or talent market in an easy-to-use solution. Leverage the world’s largest and most comprehensive database of salary profiles. Match unique or specialized positions to the market with the freshest data available. A successful compensation strategy includes the communication plan. Give executives a helicopter view of business metrics and create a culture of pay transparency with employees. A key part of a modern compensation strategy is understanding not just what will happen today, but projecting the future strategy. Model what-if scenarios, experiment, and understand the potential impact of decisions. Project the impact of common HR events: various hiring strategies, opening a new location, managing a merger of acquisition, all in a private, foolproof environment.
PayScale Benchmark allows organizations to address their compensation data gaps and remain competitive in the market. Avoid data gaps from traditional surveys or buying surveys that give you data you’ll never use. With 54 million salary profiles and 15,000 job titles—PayScale has the world’s largest database of salary profiles. Easily find the answer to compensation questions with fresh data and a few clicks. Go beyond Excel and utilize an intuitive, cloud based software. Track trends in specific markets and understand how positions can impact your strategy. Model data, compare, and analyze scenarios to get a full picture of your competitive markets. Build pay ranges based on your unique jobs. Compare your positions to the market and optimize the structure as you go forward.