It’s that time of year when salary planning surveys get published and compensation professionals all over the world look for guidance about how much to age their market data and build their compensation budgets for the upcoming year. There are several sources of salary planning survey data that get used year in and year out.
The most prolific is the WorldatWork…which has been used be virtually every company where I’ve worked or consulted. But there are also many other sources that compensation professionals turn to, such as AonHewitt, Mercer, HayGroup, Towers Watson, etc. Which ones are going to be right for any one company is really going to depend on their labor market and which salary survey vendor has the best representation within that labor market.