• 500 New PayScale Customers!

    PayScale has 500 New Customers

    PayScale is growing fast! 500 corporations from across the globe made the decision to subscribe to PayScale's SaaS offerings so far in 2012. New customers in Q3 include Clemson University, Heartland Financial, Earthbound Farms, and Swift Transportation. They join many organizations, including, Adecco, Bloomberg BNA, Gulfstream Goodwill Industries, the Tribune Company and Perry Ellis who signed on with PayScale in the first half of the year.

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  • Do I mean percentage or percentile?

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    Mykkah Herner, MA, CCP

    Compensation Consultant at PayScale

    When benchmarking positions, it’s easy to get tongue-tied over the terms percentage and percentile. Percentiles are admittedly confusing. People generally understand that market pay breaks out at the 10th through 90th percentiles, but what does that even mean? And how can I use that information to manage employee pay? When are percentages valid when talking about employee pay? I often get these questions from my clients.  The answer is that we use both percentiles and percentages when developing and managing compensation plans.

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  • How Fast Are Salaries Growing in Your City?

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    Creating the right compensation plan depends on having current data. One of the key pieces of the compensation puzzle is the rate of wage growth in the local metropolitan area. The most recent release of The PayScale Index shows the rate at which wages grew from Q2 2011 to Q2 2012. The results show considerable variance among the top metros. Read on to learn which are leading and which are lagging.

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  • Gen Y on the Job

    by Laleh Hassibi, Sr. Manager Content Marketing, PayScale.com

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    A new snapshot of Gen Y workers by PayScale reveals quite a bit. We’ve all seen the movie Failure to Launch and know someone just like that—the slacker who is still living at home. But are they really slackers? Possibly, they’re just under-recognized achievers. PayScale's recent research shows the latter is much closer to the truth. Gen Y tends to be very ambitious and highly educated. In fact, almost 97% of them have at least an Associates degree. Gen Y individuals with MBAs outnumber those with no higher education. Not only that, they tend to focus on ambitious majors like Neuroscience, Bioengineering, Entrepreneurial Studies, Chinese and Sports Management. Slackers? Not exactly.

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  • 2012 Trends in Pay – U.S. Salary Growth

    Drill Down Deeper

    If you are creating compensation plans in the coming months, make sure you use the right data, advises Katie Bardaro, PayScale's lead economist. Looking at the wider economy, you hear news of sluggish hiring and persistent unemployment. If you just used that information, you could assume that the competition for talent is relatively light. For some companies that may be the case, but to make the best compensation decisions for you company, you need to drill deeper, according to Bardaro. The PayScale Index, which was recently updated, provides detailed data on the U.S. salary growth rate across the entire economy, but also at the metro, industry and job category level. Below are some of the details it reveals.

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  • Best and Worst Jobs for Wage Growth [infographic]

    Transportation and IT Climb Fastest In Q2

    Doing any hiring in the coming weeks or months? Making salary decisions will be easier if you have up to the minute information on the trajectory of wage growth in your industry. As we reported last week in "Wages Are Up...Everywhere," the Q2 2012 results from The PayScale Index, reveal that for the first time since 2009, wages are up in every industry and job category tracked by the Index.

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  • Best and Worst Cities for Wage Growth [infographic]

    Can you guess whether Seattle or San Francisco has had the best wage growth over the last six years? Or, how much Detroit's recent economic gains have improved wage levels there? PayScale's Q2 2012 results for The PayScale Index reveal the best and worst cities for wage growth since 2006.

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  • Wages Are Up... Everywhere

    We've witnessed the struggles, the ups and the downs, as wages from various industries and job families have tried to recover from the recession. Employers have wondered if it is time to hand out raises and how big to make them. Well, the signs of struggle have been decreasing in the last couple of years and in Q2 2012, they nearly disappeared altogether.

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  • In Comp Data, Fresh is Good, Stale is Bad

    MarketMatch Goes Farther

    By Tim Low, VP of Marketing, PayScale.com

    Today, PayScale releases an update to our MarketMatch algorithm. We do these regularly to provide our customers access to the latest and greatest information on the market and the state of compensation at any given moment. We don't believe in 15 month old surveys 'aged' and massaged into categories and slices that might not be relevant to your business today. We believe in real data from the recent past, like the past few days. So, while we don't always talk about changes to MarketMatch in great detail, today I thought it would be good to share with you some of the things that are new and fresh.

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  • The PayScale Index: Wages Finally Climb Back

    The Economy Really is Recovering

    By Tripp Ritter, PayScale

    PayScale’s data on the economy can get pretty specific. With tens of millions of data points on jobs, we often drill deep down to see what is happening in a particular industry or in a particular city. Other times, we take a look at the economy as a whole. When we want to look at what is happening in the economy at all levels, we turn to The PayScale Index.

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  • Are Traditional Compensation Surveys Right for Your Business?

    Age is Wonderful for Wine, but Deadly for Data.

    By Tripp Ritter, PayScale.com

    Many compensation data providers offer well-constructed data products based on reliable data. . .that just happens to be months old. PayScale believes this aged data is not what today's decision-makers need, which is why we came up with a more timely way to collect and organize compensation data.

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  • Do Not Talk Pay with Your Competitors

    Why It’s Dangerous to Pay Like “The Guy Across Town”

    By Melissa Quade, CCP, PayScale.com

    I hear this from my clients all the time:

    “I just want to know what MY COMPETITOR 1 and MY COMPETITOR 2 are paying, so I can pay 5% higher.”

    “Can you make sure that I only get data from ALL OF MY COMPETITORS in this report?”

    “Why can’t I see which companies pay what in this report?”

    The short answer is: collusion. It’s a big no-no.

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  • PayScale Compensation Quiz

    Compensation Quiz: Are You a Comp Whiz Kid?

    By Bridget Quigg, PayScale.com

    Becoming a compensation whiz can be an intimidating task, especially with all of the lingo you need to know. How strong is your compensation know-how? This compensation quiz is intended help you test yourself and fill in the gaps in your knowledge.

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  • Why HR Must Know Market Data

    Why HR People Should Know Market Data

    A lot of people assume that human resources professionals are all about the “fluffy stuff,” like employee morale, following up with benefits issues, making sure an employee gets leave for family emergency and other very human dilemmas. They aren’t usually relied upon for hard-hitting market data. But, they should be. HR pros should be the best resource for data about a company’s labor costs.

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  • Fresh Facts About Canada from The Payscale Index

    Aiming Upwards: Canada in Q3 2011 PayScale Index

    By Bridget Quigg, PayScale.com

    Canada has certainly seen celebrity excitement this year. Royal newlyweds Princess Catherine and Prince William toured through in April and now teen idol and Canadian native Justin Bieber has brought his starlet girlfriend Selena Gomez to Winnipeg for some serious romancing. What more excitement can Canada take? How about a continuing upward trend in national wages? We, here at PayScale, think that is biggest news for Canada this year, but we’re biased. Does The PayScale Index beat out Bieber? Absolutely.

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  • Compensation Topics: Q3 2011 Wage Winners

    Energy and Tech Wages Up in Q3 2011

    By Bridget Quigg, PayScale.com

    A glimmer of hope. That is what the Q3 2011 results for The PayScale Index have brought to some industries, towns and workers. With national average wage trends managing to either grow, or at least not drop, for over a year, it’s clear that the economy is very slowly defrosting. Is pay up in your industry or town? Which job skills are best paid? The most recent results for The PayScale Index provide helpful information to HR leaders and business owners.

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  • Canadian Pay Trends

    Welcome, Canada, to The PayScale Index!

    By Bridget Quigg, PayScale.com

    Last week, PayScale released the most recent results for The PayScale Index, covering Q2 of 2011. And, for the first time ever, The PayScale Index included information about Canadian national pay trends. Guess what? Wages in Canada are growing overall, unlike the US where wages are flat, nationally. Canadian employers, you’d better be have a plan to benchmark positions against current data and work to retain your top performers. Your labor market is heating up.

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  • Good Management Skills for Earning More

    HR Knows: Managers Who Set Pay Are Paid More

    See if the following fact surprises you: PayScale data shows the management responsibility that most improves salaries is the responsibility to set pay for employees. Shocked, doubtful or nodding your head and thinking, “I already knew that”?

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  • Current Trends in Total Compensation

    Early 2011 Compensation Trends: Differences by Location

    By Staff Writer

    If you’re looking to describe a single, national trend in US wages, you might run into trouble. These days, trends vary widely from city to city, according to The PayScale Index, with some town's wages growing steadily and others’ continuing to slip downwards. Let’s look at who’s pulling ahead and who is falling behind.

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  • Salary Madness 2011 Predictions

    Salary Madness: PayScale’s Basketball Tournament Predictions

    By Staff Writer

    Is someone in your office setting up a pool to predict the winner of the NCAA Division I Men’s basketball tournament? Maybe you’re rooting for the team with the best record in your favorite conference or are participating just for fun. While it may not make sense, PayScale welcomes you to follow our tradition of choosing the winner by our favorite factor: salary.

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