Compensation and Benefits News

 

Current Compensation News and Updates

The Economist: Women earn 98% of the wages of men. No Gender Wage Gap when jobs are the same.
Puget Sound Business Journal: How Boeing provides large bonuses for engineers and technicians.
FederalPay.org: 2018 General Schedule Pay Raise - GS pay rates raised 1.4%.
Tax Reform Impact on Employers and Employees
DOL Announces Plans to Protect American Workers from H-1B Program Discrimination
Washington Post: Women CEOs Consistently Earn More Than Men
NBER Study: H-1B Visas Suppress Wages and Employment of American Tech Workers
Employer Costs for Employee Compensation News Release
New $15 Minimum Wage Push Creates Pay Compression Issues - -
Higher Wage and Salary Workers Tranferring Pay to Lower Wage Workers

New Tiered Minimum Wage Law in Oregon
Yahoo Employee-Ranking System Favored by Marissa Mayer Is Challenged in Court
 
March 2,2018
February 6,2018
January 3,2018
December 22,2017
April 4,2017
May 26 2017
March 25, 2017
March 17, 2017
May 18, 2016
April 18, 2016
March 28, 2016
February 2, 2016

Economic News

U.S. Latest Economic Bulletins and Releases
Updated Weekly

International Compensation Technologies Press Releases

New CompGeo Professional Geographic Salary Survey Differentials Report Series
2018 Edition
January 4, 2018
OMF Job and Competency Analysis
New Professional Edition Released.
An Essential System for compliance with the New California Fair Pay Act and all Pay Equity Laws.
December 22, 2017
CompGeo Online Professional Salary And Total Compensation Forecasts Now Updated Through 2024.
Forecasts include Direct Pay, Fringe Benefit Costs and Total Compensation Statistics For All
Benchmarks.
December 2, 2017

New CompGeo Professional Geographic Salary Survey Differentials Report Series 2018 Edition
For Immediate Release: January 4, 2018

The CompGeo Professional 2018 Geographic Salary Survey Differentials Report Series that covers entire CompGeo Salary Survey Career Occupation Group(s) with Job Family breakouts across all CompGeo Salary Survey Areas Nationwide and provides the most comprehensive Geographic Salary Differentials Study Series is now available.

This is an affordable, reliable and extremely valuable Salary Survey Analysis Tool for every Compensation and Human Resource Professional. Both Salary Survey Geographic Differentials Online Subscriptions and Salary Survey Geographic Differentials Report-on-CD options are available.

[CompGeo Pro Geographic Differential Reports]

No other Geographic Salary Survey Differential Study packs the Occupational and Job Family specificity as found in the CompGeo Professional Geographic Salary Survey Differentials Report Series.

Other Geographic Salary Survey Differential Reports usually center only on generalized salary survey level differentials without specific regard to Job Family and Occupation Group Differences. Such generalized analysis used by all other Geographic Differential Report vendors can lead to significant errors which is avoided in the CompGeo Professional Geographic Salary Survey Differentials Report

An 'All Occupation Groups' CD option is available which includes all 23 Occupation Group Geographic Salary Survey Differential Studies. Single and multi-year Online Salary Survey Differential Study Subscriptions also cover all CompGeo Salary Survey Occupation Groups.

Online Access to the entire CompGeo Professional Geographic Salary Differentials Report Series is also included in the CompGeo Professional Salary Survey and Compensation Forecast Library both Nationwide and Regional subscriptions.

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OMF Job and Competency Analysis - rofessional Edition Released.
An Essential System for compliance with the New California Fair Pay Act.
For Immediate Release: December 22, 2017

Recent legislation such as the New California Fair Pay Act - (SB-358 Conditions of employment: gender wage differential) greatly increase the importance of accurate Job Information developed through Modern Job and Competency Analysis.

Modern Job and Competency Analysis requires a comprehensive data collection device. The OMF Job and Competency Analysis System developed by ICT/Clayton Wallis provides an extensive Uniform Guidelines Oriented* analytical tool which carefully gathers a wealth of job information in tune with the myriad of demands of governmental regulations and proven effective Job, Performance and Competency Analysis techniques.

Features found only in the Professional Edition include Performance Domain Development based upon Behaviourally Anchored Rating Scales along with a Total of Five (5) Performance Domain Analytical Areas.

Today, software that "automatically" produces job descriptions is becoming more popular. Use of such "cut and paste job description software" without a comprehensive Job and Competency Analysis Methodology usually results in job descriptions and performance standards which are unreliable and inaccurate.

The OMF Job and Competency Analysis System helps to take the guesswork out of job description, performance standard and competency development. The OMF Job and Competency Analysis System provides a solid framework for position classification, performance management and all competency based programs.

Reliable and valid Competency Standards for Employment, Performance Appraisal, Career Planning and Job Descriptions are not possible without a modern Job and Competency Analysis Methodology. The OMF Job and Competency Analysis System provides the best tool for Modern and Legally Valid Job and Competency Analysis.

The OMF System is a modern Job And Competency Analysis device that:

- Allows for a Flexible Modular and Structured Approach
- Rates Importance of Performance Domains and Associated Work Activites
- Develops Behavioural Based Performance Standards (Professional Edition)
- Differentiates and Rates Job Competencies
- Determines Essential Pre-requisite Employment Requirements
- Modern Java Based PDF Form with Automatic Copy/Carry Over of Completed Items
- Interactive Rating Scale Selections for All Analytic Modules

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CompGeo Online Professional Salary And Total Compensation Forecasts Now Updated Through 2024.
Forecasts include Direct Pay, Fringe Benefit Costs and Total Compensation Statistics For All CompGeo Benchmarks.
For Immediate Release: December 2, 2017

CompGeo Online Professional Salary And Total Compensation Library Forecasts have been now been updated through 2024 using Proprietary Salary Survey Forecasting Techniques developed by ICT/Clayton Wallis. Forecasts include Direct Pay, Fringe Benefit Costs and Total Compensation Statistics For All CompGeo Benchmarks.

Total Compensation Forecasts
Considerable Compensation growth rates are now projected through 2020 as a result of the improving economy and Tax Reform.

The CompGeo Pro Total Comp Forecast Library includes Salary and Benefit cost projections through 2024.

The CompGeo Online Professional Salary Survey Forecast Library provides 24x7 online access to the most comprehensive and reliable Salary Survey Research database available.
[ComGeo Online Professional Forecast Library Sample Report]
CompGeo Professional Forecast
Salary Survey Sample Report Pages
Unique Features in the CompGeo Online Pro Salary and Compensation Forecast Library include:
- Yearly Salary and Compensation Forecasts extended through 2024.
- High Speed Servers
- Quarterly updates to Online CompGeo Salary Forecast Database
- Compatibility with the latest release of Adobe Acrobat
- Comprehensive yet compact Salary Survey Reports for quicker download times
- Salary and Compensation Forecasts through 2024
- Complete Coverage of all 23 CompGeo Occupation Groups
- Formatted Complete Companion Excel Salary Survey Data Sheets
- Inclusion of Direct Pay, Fringe Benefit Costs (including the Affordable Care Act) and Total Compensation
- Confidence Intervals Provided for Each Time Series Increment
- Inclusion of National and Regional Salary Survey Summaries Not Available Elsewhere
- Free Companion Subscription To The Complete current version of the unique CompGeo Professional Salary Survey Job Family Specific Salary and Compensation Geographic Differentials System

The Complete New 2018 Edition of the CompGeo Professional Geographic Salary Differentials Report set is also included in the CompGeo Salary Survey and Compensation Forecast Library. The New CompGeo Online Professional Geographic Salary Differentials Report covers entire Career Occupation Group(s) with Job Family breakouts across all Salary Survey Areas Nationwide and provides the most reliable and comprehensive Geographic Salary Differentials Study available anywhere. This is a reliable and extremely valuable tool for every Compensation Professional. No other Geographic Salary Survey Differential Study packs the Occupational and Job Family specificity as found in the CompGeo Online Professional Geographic Salary Survey Differentials Report. CompGeo Online Professional covers a wide variety of Career Occupation Groups. CompGeo Occupation Groups include Agriculture/Forestry, Art/Design, Construction, Education, Finance, Human Resources, Insurance, Management and Executive, Manufacturing, Mining, Transportation, Travel/Entertainment/Lodging, Utilities and more. These join the original CompGeo Occupation Salary Groups of Information Technology, Engineering/Scientific, Health Care and Related, Legal Services, Office/Administrative, Protective Services and Skilled Trades.

Formatted Companion Excel Survey Data Sheets are also provided for each CompGeo Professional Forecast Report. Samples are available for all CompGeo Online Associate and Professional Salary and Compensation Reports.

The updated comparison chart below for CompGeo Online Salary and Compensation Survey Research Products and Services shows dramatic differences between CompGeo Online and other sources with regards to Reliability, Quality, Flexibility and Comprehensiveness.

Salary Survey sites that provide multiple coded salary survey sources are often using private copyrighted information without permission.

Many other online salary survey sites don't even use salary survey data - they use geographic salary differentials or scan classified ads - like geographic salary 'calculators' these are woefully inaccurate.

Salary Source sites that present Cost of Living data often use such data to 'estimate' (guess) at competitive market rates - this is often a major problem with the 'free' salary information sites.

CompGeo Online Salary Survey Research Reports Compared

Features CompGeo Online Professional CompGeo Online Professional Forecast Library Other Online Survey Sites Legacy Survey Reports
Exceeds All WorldatWork
Salary Survey Standards
Yes Yes No No
Featured in
WorldatWork 2017-2018
Salary Survey Handbook and Directory
Yes Yes No Some
Most Extensive U.S. Coverage In
WorldatWork 2017-2018
Salary Survey Handbook and Directory
Yes Yes No No
Low Salary Survey Sampling Error/
High Reliability
Yes Yes No Rarely
Unreliable User/Employee Supplied Data Prohibited Yes Yes No Sometimes
Data Estimated on Cost-of-Living or Salary Survey Differentials Prohibited Yes Yes No Sometimes
Sampling Error/Confidence Interval Statistics Provided for Every Benchmark and Salary Survey Area Yes Yes No No
Forecasts Based on Proprietary and Original Econometric Research Yes Yes No No
Developed by Innovator in Compensation Planning and Analytical Software Development Yes Yes No No
Wide Range Of
Report Options
Yes Yes No High Cost
If Available
Numerous Custom Selections Available For Job/Career Leveling and Salary Survey Forecast Parameters Yes Yes No No
Multiple Salary Survey
Forecasting Options
Yes Yes No No
Competitive
Salary Survey Structure
Information Provided
Yes Yes No No
Companion Salary Survey Data Excel Worksheets Available Yes Yes No Rarely
Salary Survey Database Modules Available for use with CompExec® - the Leading Total Compensation Planning and Analysis Software System Yes Yes No No
Secure/Password Protected
PDF Format
Yes Yes No No
Long Range Forecasts Yes Yes No High Cost
If Available
Salary Survey Reports Available
on CD
Yes Yes No Rarely
Consultant Reviews
All Salary Survey Reports
Yes Yes No High Cost
If Available

Most other online survey sites have large sampling error rates due to limited participation.

Almost all other Online Salary Survey Sites use data supplied directly by users/employees. Such practices normally yield very large errors and generally invalidates all survey offerings from that site.

CompGeo Online Salary Survey Research Standards strictly prohibit any use of user/employee direct supplied data in order to protect the integrity and reliability of the CompGeo Salary and Compensation Database.

Salary Survey sites that provide multiple coded salary survey sources are often using private copyrighted information without permission. Still others don't even use salary survey data - they use geographic salary differentials or scan classified ads - like geographic salary 'calculators' these are woefully inaccurate. Salary Source sites that present Cost of Living data often use such data to 'estimate' (guess) at competitive market rates - this is often a major problem with the 'free' salary information sites. Most other online survey sites have large sampling error rates due to limited participation.

Almost all other Online Salary Survey Sites use data supplied directly by users/employees. Such unprofessional salary survey practices normally yield very large errors and generally invalidates all survey offerings from that site. CompGeo Online strictly prohibits any use of user/employee direct supplied data in order to protect the integrity and reliability of the CompGeo Salary and Compensation Database. Most Compensation Professionals find CompGeo Online to be a true wizard in Compensation Research due to the great flexibility in forecasting and related options important in serious Salary and Compensation Survey Research.

Most other Online Salary Survey Sites estimate a significant portion of salary information based partially or entirely on cost-of-living ratios or general salary survey differentials related to broad non occupation specific salary levels. All such practices are strictly prohibited in the CompGeo Online Salary Survey Research system insuring clients that all survey information is based on actual salary survey data specific to each Benchmark and geographic salary survey area.

The CompGeo Database has been updated yearly since 1991 using hundreds of carefully screened government conducted private and public sector salary surveys which have the lowest sampling error rates available. CompGeo Online has a high percentage of satisfied and repeat customers - see what others say...

CompGeo Online is unique with regard to flexible forward looking salary forecasting options - others provide only historical information in terms of usefulness and value. For maximum research flexibility and value, the CompGeo Online Professional Salary Survey and Total Compensation Forecast Library provides Unlimited 24 X 7 Access to the CompGeo Online Salary Survey Database on an National or Regional Subscription basis.

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