January is a particularly busy time for hiring managers, HR professionals, and department heads. The New Year ushers in a renewed focus on top talent, and most organizations and departments are looking at numbers and deciding which top performers to reward, as well as strategies to provide competitive compensation to recruit and retain the best employees.
With this in mind, a multitude of HR and research organizations tout their salary guides as the most informative out there… but how do you know that you’re getting the most up-to-date, accurate, and valuable materials to help guide your financial decisions? Here are just a few elements to consider when assessing salary guides that come across your desk this year.
If the salary guide you are consulting is simply taking data from the Bureau of Labor Statistics and plopping it into a table, you may be receiving only part of the compensation story. BLS information about certain positions and industries is great, but the data is so general and covers such a wide geographic territory that it doesn’t do much to nail down exactly how you should be compensating your top performers or what you should be offering to promising candidates.
Roth Staffing Companies’ Salary & Management Resource Guides source salary data from the thousands of candidates we place in a variety of positions and industries nationwide. This definitive pay data is based on our actual placements, and acts as a baseline for us to compare against pay rates compiled from more than 50 online job boards, exclusive access to employer-provided salary data, and BLS analytics.
This results in accurate, comprehensive salary data relevant to your specific geographical location.
Insights into Workforce Management and Engagement
The importance of offering fair, competitive compensation is obvious—HR professionals, managers, and department heads want to attract and retain the best talent to help them achieve their business goals. Research has found that salary is only one job aspect important to top performers; in a survey completed by an annual recognition program, 20% of those surveyed claimed that challenging and meaningful work was the job attribute they craved above all else, even above compensation.
These findings match Roth Staffing’s own experience cultivating a Top Workplace environment. That’s why, unlike other salary guides you might encounter this year, our 2015 Salary & Management Resource Guides don’t stop at providing compensation analytics. Roth Staffing Companies partnered with Curt Coffman, Senior Partner and Chief Science Officer of The Coffman Organization, to present invaluable insights into how to become a great manager, build an engaging workplace culture, and provide the intangibles your employees need and want.
If you’re using compensation data gathered by an outside organization to help make decisions about hiring, employee management, pay raises, and bonuses, you want to be confident in the reputation of your information source.
Roth Staffing Companies is the only staffing company to win all of the industry’s top awards in a single year including Staffing Industry Analysts’ “Best Staffing Firms to Work For” and “Best Staffing Firms to Temp For,” as well as Inavero and CareerBuilder’s “Best of Staffing—Client Satisfaction” and “Best of Staffing—Talent Satisfaction.” We remain the only staffing company ever ranked #1 on the Inc. 500 list of fastest growing, privately held companies.
We are proud to be regarded by many as the best in our industry from both business and workplace culture standpoints, and we’d love to share our “Best Place to Work” insights with you.