Free Salary Data and Software to Evaluate and Set Enterprise-Wide Pay Levels
Free CompFacts is a no-cost combination of market salary data and pay analysis software. It provides full market statistics on hundreds of jobs covering virtually every level, industry, function and state/region. Users can automatically import their organization's employee data, match their organization's jobs to survey jobs, measure their salary program's competitiveness and effectiveness using critical employee, job, grade, organization unit and salary structure metrics, and determine the demographic and cost impact of required salary structure adjustments.
Stamford, CT (PRWEB) January 23, 2007 -- With Free CompFacts, resources-limited HR staffs can now quickly assess and set their enterprise-wide salary levels with cost-free professional-grade software and market data on hundreds of jobs.
Free CompFacts is especially useful to regional/multi-state computer-comfortable organization entities with fewer than about 10,000 employees and limited HR budgets, staff and time to optimally manage a modern and full-blown salary program. The software is a free version of CompFacts' powerful pay analysis software called Pay Integrator. The software and data can typically be installed, internal data imported, job matches established and analyses undertaken in a single morning by a single compensation analyst.
"Being no-cost, easy to set up and maintain, job-rich and professional-grade, this is a truly unique and complete tool for many overworked compensation staffs" said Robert Lerner, CompFacts' founder.
The provided data are a subset of CompFacts' database of enhanced government salary information, and include average, median and 10th, 25th, 40th, 60th, 75th and 90th percentile state/regional market salary levels. The source pay surveys use statistically-adequate sample sizes and consistent and well-tested mathematical, computer and compensation techniques overseen by professional pay analysts, statisticians and economists. The database covers 800 jobs, 442 industry classifications, all 52 states and 409 metropolitan statistical areas.
The software allows market data to be projected to any future date, and then be compared against the user's incumbent and target salaries on matching jobs, in order to:
- Assess competitiveness at the employee, job, grade, salary structure and organization unit level
- Adjust salary structures and assess the resulting demographic and cost impact
- Assess the impact of changes in pay program strategies and methodologies
- Estimate market salary levels for jobs which have job evaluation points but are either unique or have no survey data
Free CompFacts will completely meet the needs of many organizations. For others needing different statistics or jobs, or industry, national or local data, inexpensive data upgrades are available. And a low-cost and flexibly-priced paid version of Pay Integrator is available for organizations that need the ability to:
- Use data from their own pay surveys -- including virtually any pay element, statistic and data cut
- More easily participate in, and submit data for, their own pay surveys by automatically populating Excel worksheets with internal pay data on their matching jobs
- Create a single Excel workbook which consolidates all of their critical internal and survey data
"I've recently used Pay Integrator for a high-tech client with over 9,000 employees, a very sophisticated pay program, and about 25 comprehensive pay surveys with dozens of data fields and data cuts -- and found it remarkably powerful and flexible," said Phillip R. Henry, President of Dallas-based HR Management Consulting Services.
Please contact Robert Lerner for additional information, or visit our website for details on the market data and a webcast on the software.
About CompFacts:
CompFacts was founded in 1982, is privately-owned, and provides compensation software, data and related services to members of the pay management profession.
Contact:
Robert J. Lerner, Founder
CompFacts
888-512-1200 Ext. 702
Main Website
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