The Salary Finder is now more powerful than ever! Along with all the standard Salary Finder features this version also displays job grade Rate Ranges and allows users to create customized averages based on the demographic components they select. In addition, it provides a Starting Rate Calculator that helps users determine how much to pay based on the experience and skill level of the job candidate.
Create reports that will help manage your organization's compensation programs, demonstrating how employee salaries and/or jobs compare against your organization's rate ranges/grades, BLR salary data, and external survey market data. Reports include automatic calculations of compa-ratio, range penetration, range spread, and other data points.
Use BLR’s nine-factor job evaluation tool to assign salary grades to each job in your organization. The nine-factor analysis will help you rank jobs in your organization based on skills, education, and experience.
Use BLR’s rate ranges as a reference to develop your own rate ranges. By assigning a rate range for each salary grade, you create a compensation structure based on market data that has internal equity built into the process.
Determine what other organizations are budgeting for merit increases. BLR conducts an annual survey of employers nationwide to provide you with information you need to develop your merit increase budget for the coming year. The results are categorized by geographic region, company size and employee classification. In addition, the survey provides actual pay budget increases for the current year.
Create and save benchmark salary data reports the way you want them. Reports can include data for multiple jobs, metros, states and industries, all downloadable to Excel.
Create and save multiple combinations of industry, company size and geographic selections relevant to your company. View, sort and edit all your company’s saved demographic profiles.