Download Salary Tools By Industry White Papers
A big part of keeping your employees happy is to ensure that the salary you provide for each position is competitive. One way you can do this is with the use of salary tools by industry. These tools help you to learn the base pay, as well as average bonuses, for specific jobs.
Trade organizations and unions are one place you can get salary information. Union representatives in your area can help you find out the average salary for specific jobs or for a specific set of job duties. The advantage to using a union representative to determine salary information is that the representative likely has access to location-specific data for your area.
You can also go online to websites like PayScale or Salary.com to find out the average salary information for your area. These websites also provide information on the upper and lower thresholds for industries. This can help you avoid offering a salary that doesn't fit in with the cost of living in your area.
When you are trying to decide on a salary for a position, be sure to factor in the benefits you offer. While some companies may offer a high salary, the benefits offered may not be comparable to what your company offers.
Business.com offers information to help you effectively use salary tools by industry.