Your Secrets Are Out: Employees Share Online
By Bridget Quigg, PayScale.com More and more, these days, employees are spilling the beans about their employers online. While Facebook isn’t the most intelligent place to comment on an employer, career websites, blogs, job listing sites and more are seeking the inside scoop from current and former employees of organizations. PayScale has covered one angle of this trend for many years, salary data. But, now we’re branching out and making more of an effort to reveal employees’ answers to the question, “What’s it like to work there?”
This week, PayScale released a new feature that allows job seekers to compare employers. With this resource, potential employees are able to see the typical vacation weeks, stress levels, benefits offered, and many more facts for up to three companies at a time. For example, an applicant could see that Microsoft employees report an average of 3.0 vacation weeks per year, while Amazon employees report only 2.4 weeks. Or, that women make up 24 percent of the work force at Monsanto Company, while they are 45 percent of the team at Pfizer, Inc.
Armed with this information, job seekers have a much better idea of what they are gaining, or losing by picking a particular employer. They can even drill down to a particular job and compare employers for that job.
And, employers get to know about their employees’ experience. For example, PayScale provides information about stress based upon the percentage of employees overall at a company who report a certain amount of stress compared with the percentage of employees of who report that same stress level at another company. Are most workers wound up or chilled out a company? Potential employees want to know.
What does this mean for you as an HR practitioner or company owner? It means that as the economy warms back up and competition for talent gets tougher, you’ll have to monitor your image as an employer. And, if you want to shift your company culture by hiring more women, for example, you’ll need to address your current employee mix with job applicants and explain your plans to make things change. They’ll already know your current make-up compared to your competitors.
We live in a world where everyone can be watched more easily. What do you want people outside of your company to see?
Below is an example of PayScale’s company compare feature. All data is collected from former or current employees of each company.
For employees at Monsanto Company:
For an Information Technology (IT) Consultant at Microsoft:
More from Compensation Today:
- Performance Compensation Plans
- 10 Reasons to Love Your HR Staff
- Pay Incentive Programs
- Facebook at Work
- Trends for Wages: PayScale's 2010 Results
- Tips for Personnel Recruiters – Recent Grads
- Simple HR Mistakes
- The Basics of Executive Compensation
- Helping CEOs with Compensation Planning
- Talent Management Challenges
Are you wasting company time in your meetings? Calculate the cost of your meetings with PayScale’s Meeting Miser.
Do you have a topic you would like Compensation Today to cover? Write us at email@example.com.
More Resources from PayScale:
- Get a free PayScale compensation report and see salary ranges for the position of your choice
- Attend one of our free compensation webinars.
- Download our free whitepaper, 5 Easy Steps to a Smart Compensation Plan.