Purchasing Resources for Telecom Industry Salary Tools

Telecom Industry Salary Tools

Setting telecommunications salaries that are fair and consistent
By Trisha Schulz You want to make sure you get what you pay for when offering telecommunications salary to new and current employees. But you also must provide a wage that is attractive and competitive to attract quality employees. Setting specific salary guidelines and performance benchmarks requires a lot of planning and research. The ultimate goal should be coming up with a compensation plan that boosts productivity but also fits in with your bottom line.

On average, salary for telecom jobs ranges from $62,000 to $75,000 annually. But like any other industry, there is a wide range depending on the job title and function performed. For example, a project manager or network engineer can earn the top amount of money in their field, while someone who works on the help desk or with hardware can make far less—only about $25,000 annually.

There are many other factors that come into play when setting salary, including:

1. Usually, the larger the company, the higher the salaries in telecom available.

2. Salaries in the telecom industry largely depend upon the location of the business.

3. Telecom industry pay scale is skewed towards those with the most experience.

Research the latest telecom industry salaries data

A number of companies conduct research and surveys to provide comprehensive salary data. Much of the research is available for purchase online.
Try:  Find compensation information in the telecommunications industry from Mercer. PayScale offers employer salary reports that are dependant on a number of factors including experience, job title and job location. View a sample report before you buy.  The US Department of Labor publishes extensive surveys on telecom industry salaries.

Add software to your arsenal of telecom industry salary tools

Access technology that can help you determine a fair wage and develop telecom salary guidelines and performance benchmarks. Many different software companies provide compensation survey software or implementation software. Make sure you review all of the functions before you purchase, as some may not apply specifically to the telecommunications field.
Try:  Download salary survey software from the Economic Research Institute. Or order a free trial, schedule a demo or get a product tour of Halogen Software's eCompensation software package, suitable for setting telecommunications salaries.

Keep informed on telecom salary trends

The telecom industry changes even faster, perhaps, than any other industry. Keep up to date on requirements of employees when it comes to new technology and trends in telecommunications salaries and other work practices.
Try:  Sign up for a free industry newsletter from USTelecom. First Research provides an industry profile that can clue you in to financial information and an industry forecast.

• Employment in the telecommunications industry is expected to grow because technological advances will expand services. Thus, those with updated technical skills will have the best job opportunities and higher wage potential. Telecom salaries far exceed average earnings throughout private industry.

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