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PayScale Insight Winter 2013 Edition

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Laleh Hassibi, PayScale.com

Want to price your jobs more accurately, and get the most return on your labor budget? With the Winter 2013 Edition of PayScale Insight we're making compensation management easier than ever before. 

MarketMatchTM Improvements:

We've improved our MarketMatch algorithm to use the most up-to-date, 2012 version of the NAICS hierarchy. With this exciting new algorithm update, PayScale's data is keeping pace with the changing economy. We have added new and emerging industries, such as green energy jobs, to our data model, and now provide even better refined matches to reflect the specialization of your industry and your employees. Here are some of the improvements:

  • PayScale's industry classifications have now increased from 1600 to 3000.
  • We've added 105 new job titles, bringing the total number of job titles we track to more than 13,000.
  • 61 new skills are now added to the mix of 2000 that we factor into compensation
  • 75 new certifications bring that total to almost 3000.

Insight Enhancements:

The Winter 2013 Edition of PayScale Insight, our award-winning cloud compensation software, has many enhancements that make the value of our data even more accessible to users. Here are some of the highlights:

  • PayScale makes it easier than ever to put your money where it matters most. Four new reports help you to quickly make decisions about adjusting pay.
    • Quickly identify those valuable employees who are flight risks—your people who are underpaid yet have high performance ratings. (according to your specifications).

      Flightrisk
    • Easily spot where you’re overspending on salaries. The new Overpaid Low Performers report IDs employees who are above the midpoint in pay but have low performance ratings.
    • New market outlier reporting simplifies the process of finding those employees being paid at the bottom or top 10% of the market, as well as red or green circled out of range employees.

      EmployeePayToRanges

    • Disparate Pay Report identifies those positions that have a wide range of pay for employees in the same job.
      DisparatePay
  • The new and improved Analytics Launchpad offers Insight users a clear and dynamic executive summary, as well as quick access to multiple reports—those that are customized to your specifications, and also common, standard reports.

    Analyticslaunchpad
  • Insight is even easier to use now, whether you are a compensation expert or new to this game. The improved Spotlight features pull your eye to possible errors and things you should focus on. 

    Guider2

These are just some of the highlights of PayScale Insight Winter 2013 Edition. There’s so much more to discover! Attend a webinar with PayScale executives, product managers and economists to learn more about these features and what they mean to your business, or schedule a demo to get a personalized look at Insight's features.

More than 2,300 organizations use PayScale's subscription software to:

  • Allocate raises. PayScale Insight allows you to allocate raises based on employee performance and labor budget.
  • Attract talent. Price jobs based on your local market and competition.
  • Retain employees. Get pay right and show them how you did it. Your employees will be more satisfied to stay.
  • Drive performance. Get their salary right so they can focus on doing a good job.
  • Be confident. With know-how to talk about comp with anyone.

What are you waiting for?
Get Demo Now!

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