Price jobs for business professionals with fresh salary data
Agencies and consultancies need the very best talent to provide top notch services to their clients. In order to recruit and retain talented individuals, you’ll need to offer competitive pay. Payscale delivers salary data and compensation software solutions that helps leading agencies and consultancies get pay right.
Agencies deliver top tier business services that demands people with unique skills. Compelling salary offers and total rewards packages are required to attract talent in a competitive job market.
Planning for pay increases
In a hot job market, you have to think about retention. The talent you are most anxious to keep is also the talent you are most likely to lose if your employees' pay doesn't keep pace with their peers.
Greater pay transparency
Agencies and consultancies are staffed with smart, sophisticated people that have high expectations for transparency and communication, which necessitates a formal and data-driven approach to pay.
Following the pandemic, employees want to be able to work from home at least some of the time. Agencies and consultancies are considering pay strategies that can accommodate remote work and allow them to hire from anywhere.
Stop waiting on surveys
Payscale gives you access to current salary data that you can cut any way you like it — even by competitors! — so you can make pay decisions right now.
How payscale customers are leveraging the power of pay
We now have more accurate and reliable information [from Payfactors] that enables us to make better business/ compensation related recommendations and decisions. [Payfactors’] software has saved me countless hours with its reporting and modeling
Randon W., Compensation Analyst, Western Governors University
We moved from keeping everything on spreadsheets to have one data repository, that allows us to analyze the data. The data is easy to upload and once on the tool is easy to update and customize. The availability to download pretty much any kind of report is amazing for reviews. Start using the tool immediately – easy to use with in-depth features.
Pedro Mendoza, Senior Compensation Analyst, Long Beach Memorial Medical Center
Coming from using other compensation tools, we’ve never experienced this level of gold standard customer service before as we have with Payfactors. We love the entire platform, and how user-friendly it is. The Payfactors Data Insights team is incredible and has turned around projects for us so quickly. I would highly recommend Payfactors for any HR Comp professional looking to be more thoughtful in their compensation strategies and for the critical support in doing so.
Jenny Mao, Director of Compensation, MAXIMUS
Learn how organizations like yours consolidated salary data onto one trusted platform and modernized their compensation management practices with Payscale.
The Payscale Index is publicly available data that tracks and compares wage growth by city, industry, company size, and job category. The Payscale Index draws from Payscale's Employee Reported data which includes a salary data cut specific to the finance and insurance industry.
The Salary Budget Survey (SBS) from Payscale provides insights on what organizations are planning for base pay increases in 2024 in the United States, Canada, and select international locations as well as what pay increases actually were in 2023.
In 2023, the federal minimum wage in the U.S. is $7.25 an hour. Most states have higher minimum wages; however, in 20 states, employers can still pay $7.25. Most employers are in favor of raising the minimum wage, but it does come with challenges for managing pay increases and managing pay compression....
Payscale’s Europe Edition of the 2023 Compensation Best Practices Report (CBPR) supports employers in Europe and the UK with compensation management. The report distills data and insights from European-based participants in the largest known survey on compensation management to help employers rebalance pay strategies and prepare for pay transparency.
Many agencies and consultancies have turned the corner on modernizing their pay practices with compensation software. Let’s meet to discuss how Payscale can help your teams access up-to-date salary data to market price your fastest growing jobs.