The PayScale Index follows the change in wages of employed U.S. workers, revealing trends in compensation for jobs over time. It specifically measures the quarterly change in the total cash compensation of full-time private industry employees nationally, with additional detail on the 20 largest metropolitan areas, 15 industries, 19 job categories and three company sizes.
PayScale predicts a 0.3 percent increase in U.S. wages for Q3 2014 compared to the previous quarter, based on a predictive model that incorporates the Consumer Price Index and U.S. unemployment rates over time. How do we calculate The PayScale Index Forecast?
Methodology for The PayScale Index: Trends in Compensation
The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.