Music Industry Salary Tools Key Terms

Key terms for using music industry salary tools to set compensation in the industry

By J. Stoltzfus, writer/programmer, LOCAL CITIZEN

When a company has to set compensation for musicians, singers, performers, sound technicians, mixers, or even roadies and wardrobe people, they use music industry salary tools to help figure out what is fair pay for each specific job role. There are a lot of factors in providing good salary estimates that will retain employees. Knowing about key terms for tools used in music industry salary setting will help HR staff and business leaders to succeed in musical administration.

Salary administration

One aspect of handling payroll for a large company is called salary administration. This idea allows for outsourcing payroll to another party. A music label may entirely put the responsibility for fixing performer and other salaries on a third party.
Try: See more on salary administration and how it works from Compease.

Music producer salary and job description

A music producer is one job that top executives at labels need to fix salary requirements to. A music producer salary and job description resource illuminates just what this professional does and how he is compensated.
Try: See an example of a music producer salary info page at PayScale.

Federal BLS Statistics

One good tool for arranging the salaries of everyone involved in the music business is through the U.S. Bureau of Labor statistics that the government provides to the public. Though the music industry is constantly changing, BLS stats provide a concrete look at compensation across the board.
Try: See BLS statistics for musicians at the website.

Median salary

A median salary can tell readers what the average salary is or was for a particular job. Median salaries are useful in setting a pay range that can be fined-tuned by other tools.
Try: See examples of median salaries for musical workers at Job Bank USA.

Cost of living tools

The cost of living is a factor in all kinds of salary setting. The cost of living is an index of what the individual should be paid according to local pay scales and the cost of maintaining life in a specific location.
Try: See an example of cost of living salary tools at Salary.com.

Sound technician salary tools

Sound technicians including DJs and other sound makers also have their own pay scales. Sound technician salary tools break down these pay scales and compare and contrast different kinds of sound tech jobs.
Try: See an example of sound tech salary tools at this Hot Job Chart.