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Do people have much experience with services that provide salary data to companies to help them set salaries at fair market rates? I feel like such a service m
by shostack 10y ago
Do people have much experience with services that provide salary data to companies to help them set salaries at fair market rates?
I feel like such a service might just be a way for a company to say "here is the data, they say market rate is lower than what you are asking." But I could be wrong.
- CaptSpify 10y agoI think this is kind of hard because of "soft" benefits (not sure if there's a better term). Some companies let you work from home, some don't. Some have free snacks, some don't. Some have relaxed hours, some don't. So matching pure paycheck value isn't really apples to oranges.
- sokoloff 10y agoWe use such a service to give us "market reference point" in our comp planning tool. I mostly ignore it, as I have a better sense of the market from actual hiring and have a philosophy that developer A and developer B are actually different and have different value to the company, yet will have the same MRP figure in the tool.