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Comp Foundations:
How to be an
Analytics Hero
www.payscale.com
Introduction
Angela Ulman, CCP
Compensation Professional
Jenny Lindenstein
Manager, Customer Success
www.payscale.com
54 Million Salary Profiles
10 Org types 350 Industries 15,000 Job Titles
2,300 skills, 4,200 certificatio...
www.payscale.com
So many
reports!
www.payscale.com
The
Basics
www.payscale.com
Exploring the
Analytics Launchpad
www.payscale.com
Getting there
www.payscale.com
The Big 3
www.payscale.com
www.payscale.com
Market Gap
• Compares
• Answers: are we still competitive to today’s market?
value of the market
percenti...
www.payscale.com
Market Gap
• Answers: What jobs are moving quickest and the most?
• Sorted by the total $ difference
• Sh...
www.payscale.com
www.payscale.com
Range Outliers
• Shows number of employees above and below pay ranges
• Answers: who may be paid high or ...
www.payscale.com
Range Outliers
• Group by Red or Green to get just a list of high or low
• Breaks information down to the...
www.payscale.com
www.payscale.com
• Answers: which top performers might leave to make more money elsewhere?
• Shows all employees with pay ...
www.payscale.com
Flight Risk Results
www.payscale.com
Middle of the page
www.payscale.com
Employee Pay to Market
Compares your
internal pay (green)
with market (purple)
Looks at both base
and tot...
www.payscale.com
EE Pay to Market Results
Market Ratio
• 1 means paying at market
• “Good” depends on the size of the grou...
www.payscale.com
Employee Pay to Ranges
Compares your
internal pay (green)
with your ranges
(blue)
Answers: are we
paying ...
www.payscale.com
EE Pay to Ranges Results
Compa Ratio =
• 1 means you’re paying at the midpoint
• Guidelines same as for m...
www.payscale.com
Disparate Pay
• Shows middle, lowest, and highest pay for each job
• Answers: should I level my jobs? Do ...
www.payscale.com
Disparate Results
• “too wide” depends on level; pay attention to > 50%
• “too narrow” means you’re not d...
www.payscale.com
Gender Earnings Comparison
www.payscale.com
Gender Earnings Comparison
Comp Foundations: Gender Pay Equity
www.payscale.com
The
Science
www.payscale.com
Digging deeper
•Employee to Market
•Employee to Ranges
•Ranges to Market
www.payscale.com
Group By
www.payscale.com
Multiple groupings…
www.payscale.com
…adds columns
Sort by
column.
Just click.
www.payscale.com
Multiple sort
www.payscale.com
The Art
www.payscale.com
What to look for
www.payscale.com
Pay for Performance
• Are you appropriately compensating top performers?
• EE to Ranges, grouped by perfo...
www.payscale.com
Pay for Performance
If you don’t use ranges,
look at your performers to the market
www.payscale.com
Pay Across Locations
• Are you paying fairly across locations?
• Do you want to be? Is the cost of labor ...
www.payscale.com
Pay Across Generations
• How does pay break out by generation?
• Load generation into a custom group
View...
www.payscale.com
The
Execution
www.payscale.com
Annually Quarterly OngoingMonthly
• Gender
Earnings
Comparison
• EE to Ranges
to review fair
pay
• Ranges...
www.payscale.com
Q & A
(we’ll email this out)
www.payscale.com
Women in Leadership
• Do you have a good representation of women in
leadership roles?
• Are you paying fa...
www.payscale.com
Hot and Cold Jobs
• Identifies how jobs are trending in the market
• Answers: which jobs should I be keep...
www.payscale.com
Hot and Cold Jobs Results
• Remember – just because the job is moving doesn’t
mean you have to give someo...
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Webinar-Comp Foundations-Be an Analytics Hero

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You have a comp issue to address. And you have access to many reports through PayScale Insight’s Analytics Launchpad. Which one will give you the answer you need?

This webinar will show you how to use PayScale reporting and analytics to back up comp decisions. You’ll look like an analytics super hero without having to get a degree in data science.

Published in: Recruiting & HR
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Webinar-Comp Foundations-Be an Analytics Hero

  1. 1. Comp Foundations: How to be an Analytics Hero
  2. 2. www.payscale.com Introduction Angela Ulman, CCP Compensation Professional Jenny Lindenstein Manager, Customer Success
  3. 3. www.payscale.com 54 Million Salary Profiles 10 Org types 350 Industries 15,000 Job Titles 2,300 skills, 4,200 certifications The World’s Largest Salary Database
  4. 4. www.payscale.com So many reports!
  5. 5. www.payscale.com The Basics
  6. 6. www.payscale.com Exploring the Analytics Launchpad
  7. 7. www.payscale.com Getting there
  8. 8. www.payscale.com The Big 3
  9. 9. www.payscale.com
  10. 10. www.payscale.com Market Gap • Compares • Answers: are we still competitive to today’s market? value of the market percentile of your pay when the reports were last run value of the same percentile in today’s market the gap is the difference between them
  11. 11. www.payscale.com Market Gap • Answers: What jobs are moving quickest and the most? • Sorted by the total $ difference • Shows whether jobs are moving with low, medium, or high velocity
  12. 12. www.payscale.com
  13. 13. www.payscale.com Range Outliers • Shows number of employees above and below pay ranges • Answers: who may be paid high or low?
  14. 14. www.payscale.com Range Outliers • Group by Red or Green to get just a list of high or low • Breaks information down to the employee level • Shows where their pay falls relative to the pay range maxmidmin
  15. 15. www.payscale.com
  16. 16. www.payscale.com • Answers: which top performers might leave to make more money elsewhere? • Shows all employees with pay below the 50th percentile of the market Flight Risk
  17. 17. www.payscale.com Flight Risk Results
  18. 18. www.payscale.com Middle of the page
  19. 19. www.payscale.com Employee Pay to Market Compares your internal pay (green) with market (purple) Looks at both base and total cash compensation (TCC) Answers: are we competitive to the market?
  20. 20. www.payscale.com EE Pay to Market Results Market Ratio • 1 means paying at market • “Good” depends on the size of the group • Guideline is 0.8-1.2 Employee Pay Market at Target
  21. 21. www.payscale.com Employee Pay to Ranges Compares your internal pay (green) with your ranges (blue) Answers: are we paying according to plan?
  22. 22. www.payscale.com EE Pay to Ranges Results Compa Ratio = • 1 means you’re paying at the midpoint • Guidelines same as for market ratio Range penetration • 50% is the midpoint • May be easier to explain to managers & employees Employee Pay Range Midpoint
  23. 23. www.payscale.com Disparate Pay • Shows middle, lowest, and highest pay for each job • Answers: should I level my jobs? Do I have compression? Do I have discrimination concerns?
  24. 24. www.payscale.com Disparate Results • “too wide” depends on level; pay attention to > 50% • “too narrow” means you’re not differentiating pay enough by performance, experience, etc
  25. 25. www.payscale.com Gender Earnings Comparison
  26. 26. www.payscale.com Gender Earnings Comparison Comp Foundations: Gender Pay Equity
  27. 27. www.payscale.com The Science
  28. 28. www.payscale.com Digging deeper •Employee to Market •Employee to Ranges •Ranges to Market
  29. 29. www.payscale.com Group By
  30. 30. www.payscale.com Multiple groupings…
  31. 31. www.payscale.com …adds columns
  32. 32. Sort by column. Just click.
  33. 33. www.payscale.com Multiple sort
  34. 34. www.payscale.com The Art
  35. 35. www.payscale.com What to look for
  36. 36. www.payscale.com Pay for Performance • Are you appropriately compensating top performers? • EE to Ranges, grouped by performance
  37. 37. www.payscale.com Pay for Performance If you don’t use ranges, look at your performers to the market
  38. 38. www.payscale.com Pay Across Locations • Are you paying fairly across locations? • Do you want to be? Is the cost of labor reflected appropriately? • EE to Ranges, group by Labor Market
  39. 39. www.payscale.com Pay Across Generations • How does pay break out by generation? • Load generation into a custom group View EE to Ranges, group by EE custom group • Consider cross-referencing with other variables like performance or tenure
  40. 40. www.payscale.com The Execution
  41. 41. www.payscale.com Annually Quarterly OngoingMonthly • Gender Earnings Comparison • EE to Ranges to review fair pay • Ranges to Market • Range Outliers • EE to Ranges • Disparate Pay • Market Gap • Flight Risk • Employees to Market • EE Questions • Hiring • Promotions
  42. 42. www.payscale.com Q & A (we’ll email this out)
  43. 43. www.payscale.com Women in Leadership • Do you have a good representation of women in leadership roles? • Are you paying fairly by gender? • EE to ranges, grouped by grade then gender
  44. 44. www.payscale.com Hot and Cold Jobs • Identifies how jobs are trending in the market • Answers: which jobs should I be keeping my eye on, especially if people in those jobs are grumbling?
  45. 45. www.payscale.com Hot and Cold Jobs Results • Remember – just because the job is moving doesn’t mean you have to give someone a raise • Look at cold jobs too

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