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This also happened to me at my current employer. In fact every year they review all employees salaries compared to the market rate and compensate for any differ
by platoscubicle 8y ago
This also happened to me at my current employer. In fact every year they review all employees salaries compared to the market rate and compensate for any difference with a raise. This was in addition to the yearly raise based on a performance review. I think companies serious about retaining talent are starting to employ this practice.
- glitcher 8y agoCurious, do you know what data is used in order to estimate the current market rate for a given position? As an individual employee I am very interested in figuring this out for my local region, but I really don't know what data sources are accurate.
- platoscubicle 8y agoI wish I could answer that question but I can't. Not sure where they get the data.