Hello all:
We are in the process of reviewing salaries and are trying to figure out market rate for a few key positions. The issue is that the market rates I can find on sites such as GlassDoor,com. Salary.com and indeed.com seem to be market salaries for large public companies with much larger revenues than us.
Does anyone have a source for salary comparisons for companies with under 5 million in revenue?
Thanks so much for any ideas.
I would recommend contacting a reputable recruiter in your local area. They source for positions at each experience level across various companies. They usually also offer salary guides that are broken out by position, experience, industry, company size, etc.
2
Thank you, Mike.
Take a look at this insightful free report here at Proformative:
"Top 12 Comp Mistakes: The Bad & The Terrible"
https://www.proformative.com/whitepapers/top-12-comp-mistakes-bad-terrible
Best of luck.... Sarah
Holly,
Robert Half International publishes a free salary report which can be broken down by size of company and location. Should be available at their website. www.rhi.com
Henry
Talk to companies in your space, in your marketplace.
These can be vendors, customers, networking partners.
They are probably some of your best gauges.
Culpepper Comp Surveys give you an opportunity to both participate and receive their salary survey information. It is more focused and applicable for larger organizations, but in the results you can filter information by employment base, geographic zone, annual revenue, and industry segment.
Lots of data and it takes a while to get a handle on the program, but if you want to manage comp with 3-5 year horizon, it could be worth the investment. We are around 100 employees with $25m of revenue and have found this useful for our needs.
For your industry, check if there is an industry organization which publishes any kind of salary survey they have compiled data on from the past. I work in the advertising/
One company out of Seattle that gets good reviews for data quality is PayScale.com. You can outline for ANY position and then parse further by experience level, market, benefits, etc. There are limitations with the free service, but for about 20 bucks you can setup a personal account, which gives you more flexibility. I am considering using the employer version, as a roll into 2013 budgeting and aspects of HRM.
I can give you a salesperson contact info if you send me a personal message. To get a feel for it and signup, you can check them out at: http://www.payscale.com. Thanks. -Paul
Holly, check out www.erieri.com and their Salary Assessor. This tool adjusts compensation benchmarks by organization revenue size, years of experience and geography. Hope this helps.
I would talk to a few recruiters/recruiting agencies. They might be willing to share the going rate for companies your size in your industry in similar locations.
Also you might want to connect with Controllers in similar companies. Remember that the industry makes a difference. Similar jobs in different industries typically command different salaries.
