Energy and utilities is an essential service that requires a variety of job functions to operate at peak performance. 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 organizations in the energy industry get pay right.
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The energy industry is an essential service that demands skilled talent. 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 pay equity. 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.
The energy industry is evolving and modernizing and young, fresh talent have higher expectations around pay transparency and communications, which necessitates a formal and flexible approach to pay.
Following the pandemic, employees want to be able to work from home at least some of the time. The energy industry is now having to consider location-based pay strategies that can accommodate remote work.
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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