Salary Reports: How much should employees be making?

December is here and we are approaching the end of 2021.  At year end, employees start looking for raises or begin thinking about a new job for next year. With the ongoing pandemic and growing inflation news, employers must do their research to stay competitive.  According to the Harvard Business Review, employees between 30 and 45 have had the greatest increase in resignations during the “Great Resignation”.  Job advertisement with uncompetitive wage rates have low response rates, and if you are lucky to schedule an interview, you may get ghosted by the applicant.  Quality applicants are looking for competitive wages and benefits.  Because recruiting and retaining employees remains extremely tough today, staying up to date with local pay rates is critical.  HR can help you stay competitive. 

Recently, ConsultStu had a client reach out to us regarding salary information for an Account Executive position. The position was going to be posted on Indeed, one of the most popular and well-known job boards.  The client wanted to ensure that the salary advertised in the job post was reasonable and competitive to the other Account Executive positions in the area.  Consultstu reviewed the job description, researched wage data from a variety of open-source resources and created a salary report.  The data confirmed that the company’s salary figure was below market and adjustments were made. 

At ConsultStu, we have provided salary reports for numerous companies and job positions including Account Executive, Administrative Assistant, Warehouse, Bookkeeper, Software Developer, Safety Director, and more.  ConsultStu reviews the job duties and matches the position to the federal job classification system maintained by the Department of Labor’s O*Net online system.  Free salary data matching job classifications is available from the Florida Department of Economic Opportunity.  We mix government data together with a variety of online data from both employer and employee submitted data.  Using a various wage data, we are able to provide clients with an accurate salary that is up to date for your location.  Contact us today if you need salary information for your business needs.  

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