235% ROI demonstrated through The Total Economic Impact™ Of Payscale Compensation Management Solutions
In a dynamic labor market and an uncertain economy, organizations must ensure their pay structure is competitive to retain their productive workforce and recruit top talent. Compensation teams need tools that help them benchmark jobs, analyze data, and communicate with their colleagues in a way that’s not too time-consuming.
To better understand the benefits, costs, and risks associated with an investment in Payscale compensation management solutions, Payscale comissioned Forrester Consulting to interview representatives from four organizations with experience using Payscale. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization.
The representative interviews and financial analysis found that a composite organization experiences an ROI of 235% over three years. This quantitative business impact was driven by reduced turnover and time savings.