Get the data you need to inform your salary and compensation packages

In an ever-changing job market, access to current and reliable data is essential when making informed decisions about salary and benefits packages. Compensation trend data allows companies to remain competitive in attracting and retaining talent, ensure fairness and equity, and effectively anticipate changes in the job market and plan for the future. Real-time data provides valuable insights for companies and enables them to assess whether their salary and benefit costs are in line with industry standards.

Ann Arbor SPARK’s director of research can connect you with the right data and resources to help you make strategic workforce decisions. All reports are complimentary.

Custom Compensation Data

A rapidly evolving talent market is why you need a variety of compensation data. Work with Ann Arbor SPARK to build a customized report package with relevant and actionable information.

Reports can be customized in a variety of ways:

  • Industry Sector
  • Job Function
  • Skill Level
  • Experience or Education
  • Market Comparison

Whether you’re struggling to fill open positions, forecasting future talent needs, or curious to know how your company’s compensations packages stack up against the competition, we can help!

Organizations need to adapt to the changing talent landscape today and in the future

  • 76% of organizations have experienced labor shortages or difficulty attracting talent in 2021
  • 92% of organizations are giving base pay increases in 2022
  • 44% of organizations believe they are losing talent due to insufficient pay increases

Organizations are using multiple sources of data to adapt their compensation strategies

  • 68% of organizations use between 2 – 4 sources of market data to determine salaries for employees
  • 75% of organizations expect compensation will be more challenging in 2022 and 70% correspondingly plan to invest more in compensation management
  • 83% of employers said that talent acquisition has risen to a business-level challenge in the last year

Source: PayScale

SALARY AND BENEFIT TRENDS

Ann Arbor SPARK’s director of research can connect you with the right data and resources to help you make strategic workforce decisions.