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.
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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.
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.
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.
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.
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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.
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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 shows how job sentiment characteristics such as bright future, fair pay, company culture, manager relationship, and pay transparency correlate with intent to leave a job.
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.