Pay Scales in Your Favor
October 07, 2020
Pay Scales in Your Favor
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with PayScale Insight Lab
PayScale Insight Lab is mostly being utilized by the HR department to benchmark compensation and to determine competitive compensation for our employees. It is a very useful tool to ensure that we are compensating our employees fairly and based on their knowledge, skills as well as location. We will soon be inputting the data provided into our HRIS and Payroll system which has a compensation management feature so that managers can utilize the data to assist them in their merit increase or salary adjustment decisions during performance reviews.
Pros
- Provide Salary Range Based on Location & Industry
- Great Tool for Compensation Management
- Provide Useful Data for Succession Planning & Career Advancement
Cons
- Filter Inaccurate Data Collection from Potential Salary Inflation
- Reduced time that is spent researching compensation.
- Managers require less guidance from HR which allows us to focus on other things
- The only negative impact might be cost, but it is worth the investment for our company.
Do you think PayScale Insight Lab delivers good value for the price?
Yes
Are you happy with PayScale Insight Lab's feature set?
Yes
Did PayScale Insight Lab live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of PayScale Insight Lab go as expected?
Yes
Would you buy PayScale Insight Lab again?
Yes
Comments
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