Crowdsourced Compensation Data: Do We Trust It?

Compensation professionals must remain informed of trends in compensation data and of sources that employees, managers and HR business partners are exposed to. This includes platforms launched by LinkedIn, Glassdoor and other social media sites, where users submit and research compensation data on current and potential roles in the market. Explore the emergence of such crowdsourced compensation data, and gain a clear understanding of the methodologies used by major suppliers of this information. Acquire tools to effectively navigate the introduction of new data sources into pay equity conversations, and to identify sources that should not be used.

Learning Objectives:

• Compensation survey methodology; identifying data integrity issues.
• How to choose the right data and evangelize an organizational compensation philosophy.
• The benefits of embracing pay transparency; communicating how pay decisions are made to employees, hiring managers, candidates and recruiters.