Salary Wizard® Pro Methodology

Please select from one of the following topics.

Overview
Methodology highlights
Data source
Data analysis
Data presentation
Number of organizations and incumbents
Cuts and scopes
Frequently asked questions

Overview

Salary Wizard Pro is an interactive database of up-to-date market compensation information. It is not a replacement for conventional compensation surveys, but a supplement to them. Surveys collect, analyze, and report compensation data; Salary Wizard Pro collects, validates, compares, analyzes, concludes, and reports data. Unlike compensation surveys, which report data effective as of a fixed date, Salary Wizard Pro is a report of a continual research study. It represents a point between a compensation survey and a compensation consulting study, a point where the user can take immediate action.

Salary Wizard Pro includes data on about 2,000 benchmark jobs. The data is intended to provide a reasonable range for typical cash compensation earned by the typical person working in that job. The data used in researching and developing the pay levels shown in Salary Wizard Pro includes organizations of all industries, of all sizes, and from all across the United States. This broad data collection process allows Salary.com to create a composite view of the employment market for each job and to allow the user to define the specific combination of scopes that provides the most relevant information for any given job.

Significant Benefits
One of the most significant benefits of Salary.com's methodology for determining pay ranges is that Salary.com is able to publish a fair pay range for any market, even when a single survey does not have sufficient data for that market. We further estimate a reasonable market range for positions where sufficient data does not exist. We estimate the market based on relevant comparables, and identify it as such.

The methodology behind Salary.com's Salary Wizard Pro is a state-of-the-art process for benchmarking and analyzing jobs that builds on the professional industry standards employed by compensation analysts. Salary.com's team of compensation consultants reviews as much applicable market pay data as is available to determine the best estimate of the true market for each job reported in Salary Wizard Pro.

Salary Wizard Pro combines multiple steps of compensation data analysis into one easy-to-use tool that replaces tedium with technology. With Salary Wizard Pro, surveys are selected and validated; jobs are benchmarked to multiple surveys; data is aggregated; results are reviewed and adjusted for reasonableness; interpolation and extrapolation are automatically provided.

Back to top

Methodology Highlights

The summary below briefly highlights the key steps in the methodology behind Salary Wizard Pro.

1. Salary.com identifies the jobs most common and most important for our small business clients. We create job descriptors that summarize the key aspects of each job.
   
2. In addition to using our own data, Salary.com identifies and purchases the most current compensation surveys covering the targeted jobs. All of the surveys are published by reputable compensation data firms (sometimes in conjunction with industry groups or other third parties) and Salary.com makes sure each adheres to the standards set by WorldatWork (formerly the American Compensation Association). WorldatWork standards

Also refer to the data source section for more information.
   
3. Salary.com's compensation consultants match our job descriptions to the most comparable jobs (if any) from each available data source. Each job must be matched to multiple survey sources to be published in any Salary.com premium product, including the Salary Wizard Pro.
   
4. Our compensation consultants create a composite view for each job, for each set of scopes. To do this, for each data point we take into account the statistical reliability, the robustness, and the effective date of the data. Our compensation consultants further correct the data for any industry, geography, or company size biases inherent in a given survey report.
   
5. For a reality check, Salary.com's compensation consultants may validate the data points by comparing them with other market indicators such as government data (e.g., the Bureau of Labor Statistics).
   
6. The Salary.com consultants' composite view is then a "best-of-the-best" analysis of the compensation market for each job for which the data is sufficient to report.
   
7. The compensation consultants identify those scopes for which data is insufficient. Manually, we identify those combinations that do or may reasonably be assumed to exist, but for which specific data is not available. For these jobs we use information on similar jobs or similar scopes to interpolate or extrapolate a best estimate of a reasonable market range. For each individual job title, our compensation consultants create a series of adjustment factors that reflect the relative impact of industry, geography, and company size have on the market pay for that job. During this process, if we identify a situation that is not possible (e.g., dentist in the media and hospitality industry), we report the salaries as "N/A" meaning "not applicable." See the data analysis section for more information.
   
8. The team updates the database every month to incorporate the most current information available and to reflect the general movement of salaries. As we identify and incorporate new surveys, we replace extrapolated market information with data based on the new market information.

Back to top

Data Source

The source of the data in Salary Wizard Pro is most properly cited as Salary.com. Our team of compensation consultants establishes our own copyrighted market compensation data based on primary and secondary research (using only employer-reported values), analysis, and a proprietary mathematical model. Every job reported in Salary Wizard Pro has been thoroughly researched and validated by Salary.com's team of compensation consultants, who have combined experience of over 70 years in the compensation and statistical analysis fields.

Salary.com never uses employee-reported data, or data input by users of www.salary.com.

Survey Selection
Salary.com uses our own formal surveys of employers and purchases the most current employer salary surveys available from well recognized, reputable compensation data firms. This survey data is used for analysis and benchmarking by extracting and reporting the market salary data for each position that matches one of the benchmark jobs reported in Salary Wizard Pro.

We select published surveys based on the breadth and depth of the data they provide, the methodology they use, and the reputation of the company as a quality data provider. These surveys include large national surveys covering a broad collection of jobs as well as more narrow or niche reports providing deep information for specific job families, industries, or geographies.

Our compensation consultants review each survey to make sure it reports data that is complete and reasonable for the scopes represented.

Job Selection
To ensure jobs are appropriately matched, our analysts benchmark the jobs based on job content—not job title. A job is considered a match if the responsibilities, education, expertise, reporting relationship, and degree of discretion and latitude are proximal. In addition, when mapping survey data to our own job descriptions, Salary.com's compensation consultants take into account how closely the participating employers reported their incumbents matched to the benchmark descriptions.

A job title is a quick way of describing a collection of tasks, responsibilities, and duties. Please be sure to read the job description for each job you look up in Salary Wizard Pro. The job descriptions outline the skills, experience, and knowledge needed to perform the job. They provide a much clearer sense of what the job entails than just the job title. This makes it easier to choose the best match for the jobs you are researching.

Notes on Matching Your Positions to Salary Wizard Pro's
Note that if a job description is a "pretty good" match but not perfect, the differences in the incumbent's skills, experience, and knowledge could translate into a difference in market compensation. Keep this in mind when reviewing the numbers presented in Salary Wizard Pro.

There are two important cautions to remember when comparing your organization's job description to a job descriptor in Salary Wizard Pro. First, use a complete and honest summary of the person's skills and abilities vis-a-vis the job you are reviewing. Second, if a person has skills greater than those required for the job, it is important to assess whether those added skills are of added value to the company.

Back to top

Data Analysis

In deriving our research opinion on the market value of a job, Salary.com's compensation consultants weigh factors relevant to a given survey such as the number of incumbents, the number of organizations, the date of the data, the specialty of the reporting company, the geographic coverage, and the distribution of industry coverage. In addition, they look for and discard outliers. Because many surveys have subtle or not-so-subtle biases in their population selection, it is important to try to identify and correct for those biases.

Interpolation and Extrapolation
Wherever the data is sufficient for Salary.com's compensation consultants to publish a clear and conclusive research opinion for a specific set of scopes, Salary.com reports, in addition to the compensation data, the number of organizations and incumbents represented by the data. The number of organizations ("orgs") and incumbents ("incs") is categorized and the lower end of the applicable range is shown with a plus sign (+). For example, if data from 63 companies is included in a given sample, the number of organizations would be reported as "50+", indicating that 50 or more organizations specifically matching the selected scopes are included in the analysis.

Sometimes, however, it is not possible to derive a clear and conclusive opinion from perfect matches, usually for one of three reasons: data insufficiency; geographic implausibility; and functional impossibility. Salary.com consistently applies methods of interpolation or extrapolation appropriate to each of these cases.

Data Insufficiency
Where the available published data is insufficient to establish a clear and conclusive opinion, Salary.com's compensation consultants apply mathematical algorithms to interpolate missing or insufficient values. One technique for filling involves the application of regression formulas to interpolate data for organizations of different sizes from those for which the original data is more robust. The data is validated based on relevant, related, similar businesses—for example, data for a medium-sized high-tech firm can be interpolated by examining data for small and large high-tech companies.

Regressions can also be developed based on a large number of known compensation amounts for similar and/or related jobs. These regressions provide a strong indicator of the effect a given scope factor has on the market pay for a given job.

If there is not sufficient published data for a particular job and scope a user needs, that user must still find a way to estimate the missing information. By reporting these estimates Salary Wizard Pro is providing the user with a reliable number without requiring the user to do extensive research to estimate the amounts. If Salary Wizard Pro has estimated compensation information based on data that partially matches the user's selections, the number of organizations and incumbents will reflect the low end of the range of total organizations and incumbents considered. This number is footnoted with two plus signs (++) to indicate the match is not perfect.

Geographic Implausibility
Some benchmark jobs are unlikely to be offered in certain geographic areas, but are theoretically possible. An example is subway driver in rural South Dakota. Data on such jobs is potentially valuable to businesses contemplating greenfield expansions into new markets, and not harmful to the integrity of the data as a whole. In the case of geographic implausibility, Salary.com applies mathematical algorithms to known values from other geographic areas to extrapolate what the market value would be in a geographic area for which the data is insufficient or absent. The adjustments are based on the actual pay data for the same or very similar jobs in known geographies.

For entrepreneurial organizations siting business in new areas, estimated data is sometimes the only available source of compensation information. Salary.com's adjustment factors provide a good approximation of a fair pay range for a given job regardless of how many people have that job today. This research can be very useful in determining the value of a job that has not been offered in a given area before. For example, if a new factory is opening in a rural area, there might be no comparable pay information for many of the factory worker jobs, but they nevertheless need to be filled. Without estimations like those used in Salary Wizard Pro, there would be no readily available market estimate of fair pay data. It would probably be well over a year before that data became available. In fact, the data might never be published in a conventional compensation survey if the new factory were the only such employer in the area.

We report a full set of salary information for extrapolated data but do not report a number of organizations or number of incumbents for those jobs. The number of organizations and number of incumbents are each labeled with an asterisk (*) to allow users to identify them as strict estimates. Although these data points are extrapolated, they do provide users with a valid starting point for their compensation planning and research and a point that is consistent with the other data points selected.


Functional Impossibility
Some jobs are functionally impossible. An example is a dentist in the transportation industry. In the case of functional impossibility, Salary.com does not interpolate or extrapolate a value; instead we simply report "N/A" meaning "not applicable."

Salary.com's interpolation and extrapolation techniques are applied consistently by experienced and trained compensation consultants. Salary Wizard Pro effectively creates and applies a multi-dimensional contour map of scope adjustment factors for each job. This mapping, based on regression analysis, comparative research, and compensation experience creates a smooth and consistent perspective of the overall pay practices for the given job.

Since the missing data is estimated for any combination of benchmark jobs and scopes a user may need, the user can quickly and efficiently develop a complete schedule of necessary information. In the absence of this feature, the compensation professional would need to estimate the missing data points on his or her own or hire an external consultant to do the same. By using the Salary Wizard Pro estimate, the user is immediately prepared with a complete dataset with missing information provided on a consistent basis by a neutral party.

Back to top

Data Presentation

The salary data for one or a group of benchmark jobs in a given scope is presented in two pieces: base pay and total cash compensation (base pay plus annual incentives). The market pay level is based on the median, or 50th percentile, of all salaries reported for a given job. This represents the midpoint of the competitive market rate for that job. To provide perspective on scope and distribution of pay amounts, Salary Wizard Pro also shows the interquartile range—the 25th and 75th percentiles.

Results for each piece are displayed in a graph to show visually this interquartile range. The minimum of the range is the 25th percentile, which means only 25 percent of salaries reported for a particular job fall below this level; the maximum of the range is the 75th percentile, which means 75 percent of all salaries reported for that job fall below this amount (i.e., 25 percent fall above this amount). Although the interquartile range roughly equates to the typical market range for the position, there are a reasonable number of people whose pay is higher or lower than the interquartile range—in fact, 25 percent of those in any given job are expected to be paid above the 75th percentile and 25 percent are expected to be paid below the 25th percentile.

Although the data sources are the most recent available, there is a lag between the effective date of the salary information they report and today. To recognize that salaries increase faster than studies are printed, Salary.com uses the industry standard approach of modifying the data by applying an aging factor to adjust the data to a common date and to accommodate the movement of salaries over time. Not all salaries move at the same rate. The market data used for each job in Salary Wizard Pro is aged to the current month at a rate consistent with the most current market information available for that job or job family. Salary Wizard Pro allows the user to age data further, to a time in the future. The user selects the date and the aging factor that is most appropriate to move the current market data to the target date.

Number of Organizations and Incumbents

Salary Wizard Pro reports the number of organizations and incumbents used in the analysis from which the compensation information is derived. To simplify the reporting, Salary Wizard Pro categorizes the number of orgs and incs into ranges. For example, "50+" organizations means that data from 50 or more organizations was used in the analysis to develop the compensation numbers shown. The table below shows the breakdown of the number of orgs and incs reported in Salary Wizard Pro.

 
Orgs
Incs
 
 

5+
10+
20+
50+
100+
250+
500+
750+
1,000+

5+
10+
20+
50+
100+
250+
500+
750+
1,000+
2,000+
5,000+
10,000+
 

These numbers also provide users with a confidence indicator for the data.

As noted above, some of the compensation information reported in Salary Wizard Pro is based on a substantial amount of published data that exactly matches the selected scopes, but other compensation information is based on data that only partly matches the selected scopes.

The level of match is noted with the following footnotes. These footnotes explain the number of data points used in the analysis and indicate the exactness of the match of those data points to the selected scopes. Data must match all scopes to be reported with a plus sign (+), whereas to be reported with two plus signs (++), data needs to match some of the selected scopes or to be from a very large dataset.

+

Analysis based on at least this many orgs/incs that fully match the selected scope.

++

Analysis based on at least this many orgs/incs that partially match the selected scope.

*

Analysis based on all orgs/incs adjusted for selected scope.

In addition to indicating the foot note, a plus sign next to a number of orgs or incs indicates that the data point is backed by at least that many of orgs or incs that fully match the selected scope.

Users should note that data reported with partial scope matches (++) will show org and inc numbers that are larger than corresponding benchmark jobs that are perfect scope matches (+). The reason is that if there is not sufficient basis to report a perfect match, Salary Wizard Pro uses all data for that job and adjusts it to match the selected scope factors. This is done if there is sufficient data closely matching the selected scopes or if there is a substantial amount of data available for the job. In either case, the number of orgs and incs is a minimum estimate of the number of data points contributing to the pay information.

If compensation information is shown but the number of orgs and incs is not (filled with an asterisk), it means the job selected does not exist or is not deeply researched among the specific set of scopes selected. We have estimated reasonable compensation figures for the combination based on all data available for that job and for those scopes. These estimates are flagged with an asterisk to alert the user that they are strictly estimates based on all data for that job, none of which, however, is a precise match to the selected scopes. Although this actual combination may not exist, Salary Wizard Pro provides the user with a best estimate based on the known information. If the user has occasion to look for the combination, Salary Wizard Pro provides an estimate, if possible, noting it clearly with an asterisk.

Back to top

Cuts and Scopes
Please select from one of the following scope criteria.

Industry
Company size
Geography

Industry
Salary Wizard Pro lets the user specify an industry and compare data across multiple industries. Compensation data is categorized by industry into one of the following categories.

Aerospace & defense Insurance
Business services Internet businesses
Biotechnology Manufacturing - durable
Chemicals Manufacturing - nondurable
Construction Media
Education, government, and nonprofit Pharmaceuticals
Energy and utilities Retail and wholesale
Financial services Software and networking
Healthcare Telecommunications
Hospitality and Leisure Transportation

Aerospace and Defense
The Aerospace & Defense industry includes companies that manufacture aircraft and aircraft parts, guided missiles and space vehicles, defense electronics, and other related aerospace/defense components and systems, as well as companies that provide services such as aircraft repair and maintenance.

Biotechnology

The Biotechnology industry includes companies involved with drug discovery and production, research, and gene mapping. It also includes organizations who manufacture drug and research products including: vaccines, ointments, and tablets.


Business Services

Business services includes information services (property management, building maintenance, real estate, rental car agencies, etc.); professional and business services (accounting, tax professionals, advertising, consulting, employment, law, etc.); engineering; architectural; and miscellaneous services (printing, data processing, environmental, office services, and others).


Chemicals
This industry includes makers of basic and intermediate chemicals, specialty chemicals, agricultural chemicals, petrochemicals, plastics and fibers, and paints and coatings.

Construction
In addition to basic construction work, this category also includes electrical services, HVAC, plumbing, and similar work.

Education, Government, and Nonprofit
This category includes education (schools, libraries, etc.); government; and nonprofit organizations (museums, research organizations, religious institutions, zoos, etc.).

Energy and Utilities
This industry includes energy (oil, gas, exploration, pipelines, refineries, etc.); metals and mining; utilities (natural gas, electricity, water, etc.).

Financial Services
Financial services includes banking, investments, and financial services such as banks, trusts, credit unions, investment banks, loan brokers, REITs, and venture capital; as well as insurance including agents, brokers, carriers, and the like.

Healthcare
Healthcare includes medical, dental, healthcare equipment, healthcare services, distributors, etc.

Hospitality and Leisure
Hospitality includes hotel and motel companies, travel agencies, tour operators, casinos and other gaming establishments. It also includes restaurants, catering services, and companies that supply food to restaurants. Leisure industry participants include gaming equipment makers, sporting activities companies (golf courses, bowling alleys, etc.), and sports leagues and teams.

Insurance
The Insurance industry includes life, health, property, casualty, and title insurance companies; it also includes insurance brokers and reinsurance companies.

Internet Businesses
Internet businesses include business-to-consumer and business-to-business sites; e-solutions and consulting; information resources and portals; and other businesses that use the Internet as the primary distribution medium for their products and services.

Manufacturing - Durable
Manufacturing - durable comprises aerospace, including aircraft, defense, navigation, etc.; computer and office equipment; electronics and electronics equipment, including biomedical equipment, circuit boards, instruments, photography equipment, semiconductors, and the like; and miscellaneous manufacturing businesses including automobiles, trucks, building products, machinery, furnishings, appliances, wood, stone, and others.

Manufacturing - Nondurable
This industry includes food and beverages; tobacco; paper and allied products, including packaging; and miscellaneous nondurable goods such as apparel, cosmetics, household products, textiles, and the like.

Media

The Media industry includes radio and TV broadcasters; motion picture, movie theater, and music companies; newspaper, periodical, and book publishers
.

Pharmaceuticals
The Pharmaceuticals Industry includes companies involved with the manufacturing, extracting, processing, and packaging of chemical materials to be used as medications for humans and/or animals.

Retail and Wholesale
This field includes retail businesses such as apparel, auto dealers, department stores, discount stores, food, furniture, and specialty retailers; and wholesalers such as distributors, groceries, hardware, equipment, etc.

Software and Networking
Software and networking includes computer software and services such as applications, e-commence, ISPs, information technology consulting, systems integration, Web hosting, and the like.

Telecommunications
Telecommunications includes cable, networking, satellite, and wireless services; as well as telephone services including fiber optics, landline, telephony, etc.

Transportation
Transportation includes airlines, marine, railroad, trucking, and similar businesses.

Company Sizes Reported in Salary Wizard Pro
Salary Wizard Pro lets the user specify a company size based on units of measure typical for that industry (e.g., revenues, number of employees (FTEs), or total assets) and compare data for companies of all sizes. Below is a summary of the three size measurements and the categories within each.

  Revenue FTEs Assets
 
< $50M
< 100
100 - 200
< $1B
$1B-$2B

Company Sizes NOT Reported in Salary Wizard Pro
Because it is designed for small businesses, Salary Wizard Pro does not currently report data for the following company sizes which are found in other Salary.com premium products, such as the Personal Salary Report, the Job Valuation Report, Compensation Market Studies, and CompAnalyst. Please consider one of these other premium products when your needs extend to recruiting markets with participants of these larger sizes.

  Revenue FTEs Assets
 
$50M - $200M
$200M - $500M
$500M - $1B
$1B - $3B
$3B - $5B
> $5B
ALL
200 - 500
500 - 1,000
1,000 - 3,000
3,000 - 7,500
> 7,500
ALL
$2B-$5B
$5B-$10B
$10B-$25B
> $25B
ALL

Geography
Salary Wizard Pro lets the user specify a metropolitan area for a given job and compare data across multiple metropolitan geographies. Salary.com has other premium products which permit the user to group employers by state or region.

Back to top

Frequently Asked Questions
What if I can't find the job I am looking for?
Why does Salary Wizard Pro provide market data for these particular 186 metropolitan areas? What if mine isn't covered?
Are the adjustment factors the same for every job?
How does pay differ based on industry?
How does pay differ based on geography?
How does pay differ based on company size?
Not all jobs have significant change in pay from one industry to another or from one company size to another (e.g., secretary). How does Salary Wizard Pro take that into account?
Why are the industries grouped into those 20 categories?
Is it legitimate for a compensation professional to use an estimated number?
How were the benchmark jobs for Salary Wizard Pro selected?
When will new benchmark jobs be added? What will they be?
What organization's data is included in this dataset?

What if I can't find the job I am looking for?

It is possible that the job you are looking for isn't in the Salary Wizard Pro database. The best way to make sure is to use the "Advanced Search" feature, which searches all job titles and job descriptions for the words you select. This should help you find the job you want if it's in the database.

If it's not in the database, you may use the "Feedback" button to ask for the job to be added. Jobs that are common will be added over time, although we cannot confirm when any specific job will be added.

Back to top
|
FAQ home

Why does Salary Wizard Pro provide market data for these particular 186 metropolitan areas? What if mine isn't covered?

Salary Wizard Pro covers the 186 largest metropolitan areas in the United States. These are the areas for which we can conclude fair-market compensation information. Over time, we will add more metropolitan areas as we become comfortable with the availability of data for those areas.

If your market is not included, consider searching under your state, or using another area that is relatively similar to your own market.

Back to top
|
FAQ home

Are the adjustment factors the same for every job?

No. Each individual job has its own complement of adjustment factors—one for each industry, each geography, and each company size (revenue, assets, and FTEs). This is one of the elements of the Salary.com model which makes it superior to so-called regression-based models.

Back to top
|
FAQ home

How does pay differ based on industry?

Different industries have different pay philosophies and pay practices. Across industries, however, certain benchmark jobs require the same skills and experience and command the same (or very similar) compensation levels. Traditionally, administrative and lower-paying jobs were the most common jobs of this category. More recently, some technical jobs have also become in universal demand and therefore the compensation practices have somewhat leveled out across most industries.

Back to top
|
FAQ home

How does pay differ based on geography?

Pay differs by geography as a reflection of the cost of living in the geography and the market demand for a given job. Although cost of living is a major factor, the difference in pay between two geographies is not the same as the difference in cost of living. Organizations will pay more to attract the right people; and people will take less pay (on a relative basis) to work in a desirable place.

Also, the more money a person makes, the less he or she is affected by the local cost of living. Much of a person's compensation is used for items that are not affected by cost-of-living numbers (e.g., cars, boats, vacation homes, college tuition, savings, investments, etc.). For this reason, the geographic pay differentials have less impact on higher-paying jobs.

Back to top
|
FAQ home

How does pay differ based on company size?

Pay differs by company size as a reflection of the scope of responsibilities and, to a lesser degree, the maturity and cash position of the organization. The scope of responsibility is generally limited to more senior people and those whose responsibilities are significantly broader and more encompassing in larger organizations. The pay ranges for other employees generally show less variance based on the size of the company.

For example, the CFO of a $10 billion company would be expected to earn much more than the CFO of a $10 million company. However, the pay for a delivery person in each of the same two companies would be similar.

The above comments are the same whether the measure of size is revenues, FTEs, or assets. These measures are simply a calibration of size reflecting what makes the most sense for different organizations.

Back to top
|
FAQ home

Not all benchmark jobs have significant change in pay from one industry to another or from one company size to another (e.g., secretary). How does Salary Wizard Pro take that into account?

The analysis embedded in Salary Wizard Pro takes into account the relative impact industry has on the pay practices for each of the approximately 2,000 reported benchmark jobs. Each job and scope factor combination has its own series of factors derived from actual reported matches. By looking at Salary Wizard Pro's industry comparison report you will see how industry affects the pay for a given job.

Back to top
|
FAQ home

Why are the industries grouped into those 20 categories?

Salary Wizard Pro reports pay practices in 20 categories because they fairly capture the pay trends among similar companies while keeping the information collection and data mapping processes relatively simple. Beyond a certain point of granularity, survey and data reports tend to create false precision when they offer too many industries.

Back to top
|
FAQ home

Is it legitimate for a compensation professional to use an estimated number?

Absolutely, as long as the estimates are based on valid data, professional standards, and an understanding of the market being estimated. This is exactly what a compensation professional is required to do when survey data is not published or available for a specific job and scope combination. The compensation professional must estimate the market pay for that combination. With Salary Wizard Pro, Salary.com's compensation professionals have performed the analysis and pregenerated those estimates, consistently applying the same methodology for all such data points. And the information is immediately ready for the compensation professional to use.

Back to top
|
FAQ home

How were the benchmark jobs for Salary Wizard Pro selected?

The initial list of benchmark jobs included in Salary Wizard Pro was created by Salary.com's team of compensation consultants. The list is based on those most commonly benchmarked and those for which reliable information is available.

In addition, Salary.com collected input from our large enterprize clients, who identified specific benchmark jobs and job families they believed should be included.

Back to top
|
FAQ home

When will new benchmark jobs be added? What will they be?

Salary.com will add new benchmark jobs and job families to Salary Wizard Pro from time to time. If there are certain benchmark jobs or job families that are not in Salary Wizard Pro, the creation of a hybrid job report, as a combination of two or more existing benchmark jobs, is always an option. If you think you and many other users would find a new benchmark job useful, please use the "Feedback" link to ask for those jobs or families to be added. Jobs that are common will be added over time, but currently we cannot confirm when any specific job will be added.

Back to top
|
FAQ home

What organization's data is included in this dataset?

Salary Wizard Pro includes data from approximately 10,000 organizations and 2,000,000 incumbents representing all industries, all types and all sizes—public and private; for profit and not-for- profit; small, medium, and large; old and new. Between any two benchmark jobs, the population of organizations will vary based on the survey sources selected to benchmark each job.

Back to top
|
FAQ home