Published in Workspan - February 2011

Seven Ways to Get the Most Out of Salary Surveys

By Rebecca Toman and Kristine Oliver

When survey budgets are tight, it’s particularly important that organizations get the best return on their investment. They need to identify the most credible and relevant salary survey data for your business needs, as well as a reliable, responsible vendor who will provide strong customer support as needed.

This article looks at seven top considerations for decision-making around compensation survey selection and use:

• Optimizing survey dollars
• Communicating with the survey vendor
• Focusing on the organization’s business needs
• Streamlining data input
• Facilitating access to the data
• Stretching survey budget dollars
• Looking out for potential antitrust issues
• Finding added value