COMPENSATION SURVEY MANAGEMENT
Easily manage and optimize salary survey data in one place.
Best practices suggest a compensation professional should reference at least three data sources when setting market prices for their internal jobs. ERI’s compensation survey management tool allows you to easily upload and manage external or internal compensation surveys. ERI’s software will help with matching and calculating averages between multiple salary surveys.
Once configured, the calculated market rates will automatically be imported into the compensation management tool for streamlined salary planning.
WHY
Why use our compensation management platform to manage surveys over doing it manually?
When you have multiple salary surveys and compensation reports, it can be quite cumbersome to combine them together into one useful report. Finding the mean, median and percentiles across all surveys would require a lot of work to calculate in Excel. ERI’s Compensation Platform makes it easy to find the averages and percentiles across all your surveys. Matching the job titles between jobs also pose a challenge when compiling the report manually. ERI makes it simple to match jobs or even create custom jobs to unify the data across all surveys. Once the data is combined manually, making any changes to it such as shift or geographic differentials, factoring in performance-based pay raises or accounting for education becomes difficult. With our survey management software, all these adjustments are effortless to make.
THE ERI DIFFERENCE
The advantages ERI’s survey management solution offers
- Easily combine multiple surveys
- Match job titles across surveys
- Factor in differentials without affecting the survey data
- Plus, factor in additional data points using ERI’s own salary database
