Academy

Browse our articles and tutorials to learn more about SalaryCube and get better at understanding compensation, using market data, compa ratios, and establishing pay equity.

Real-Estate-Salary-Survey-5-Stars
Competitive Pay 101: Definition and Getting Started

Competitive Pay 101: Definition and Getting Started

Competitive Pay is defined as a compensation and benefits package that compares favorably to those offered by competitors in the same industry and location. Competitive compensation packages are central to attracting and retaining quality professionals. Employers and...

What Does Compa Ratio .75 Mean in Compensation?

What Does Compa Ratio .75 Mean in Compensation?

In today’s competitive job market, ensuring fair compensation and employee satisfaction is crucial for attracting and retaining top talent. One key metric that employers can use to assess pay equity within their organization is the compa ratio. By understanding and...

Understanding FLSA Status & the Fair Labor Standards Act

Understanding FLSA Status & the Fair Labor Standards Act

The exemption status under the Fair Labor Standards Act (FLSA), a federal law in the United States, is a critical determination that impacts how an employee's pay is structured and whether they are entitled to overtime pay. The FLSA sets standards for minimum wage,...

FLSA Exempt Test: The Ultimate Guide – HR 101

FLSA Exempt Test: The Ultimate Guide – HR 101

Understanding the Fair Labor Standards Act (FLSA) In the complex landscape of labor laws, the Fair Labor Standards Act (FLSA) is one of the pivotal statutes. Established to provide a baseline of protections for workers, the FLSA outlines criteria for minimum wage,...

Understanding Job Levels: An In-depth Overview

Understanding Job Levels: An In-depth Overview

In any business organization, there is an inherent need for structure and hierarchy to maintain order, facilitate communication, and define the decision-making process. An integral part of this structure is job levels, which signify an employee's rank or position...

Job Benchmarking Definition

Job Benchmarking Definition

Introduction Employers use job benchmarking as a tool to compare their existing job roles with similar positions in the market. This comparison helps them determine if they are offering competitive salaries and benefits and identify areas of improvement or growth...

Your Guide to Salary Survey Companies

Your Guide to Salary Survey Companies

Salary surveys, or compensation surveys, are methods used to collect data on employee salaries, wages, and benefits. They can be conducted from a variety of sources: employers, employees, governmental bodies, recruitment firms, and salary survey providers. These...

What is compensation benchmarking?

What is compensation benchmarking?

Introduction Compensation benchmarking is a process of comparing an organization’s pay practices to those of other companies in the same industry. It helps employers determine if they are offering competitive wages and benefits, as well as ensuring that their...

What is wage and salary administration?

What is wage and salary administration?

What is salary administration? Wage and salary administration is the process of overseeing and regulating employee salaries. This includes determining how much employees should be paid, issuing paychecks, and ensuring that all regulations regarding payroll are...

What is a merit increase?

What is a merit increase?

A merit increase is an increase in salary that is given to an employee based on their performance. This type of increase is usually given out during annual reviews and is meant to incentivize employees to continue doing their best work. While merit increases are not...

Tell me the purpose of salary surveys?

Tell me the purpose of salary surveys?

Tell me the purpose of salary surveys. Salary Survey Meaning Salary surveys, also known as compensation surveys, provide employers and employees with the necessary salary benchmarking data to make informed decisions about salaries, bonuses, and other benefits. The...

The best guide to job classification in 2022

The best guide to job classification in 2022

What is job classification in human resources? Definition The job classification system is the process of grouping jobs together based on similarities in the work they require. This can be done based on the job family, job description, duties and responsibilities of...

Top 5 Advantages of Merit Pay

Top 5 Advantages of Merit Pay

Merit pay structures have been shown to be beneficial for both company and employee. This means that employees will likely perform better if they're happy with the amount of money being offered, which in turn produces a higher-level production from them as well!...

The best guide to job evaluation for HR

The best guide to job evaluation for HR

Achieving pay equality is important for any company. One essential step to get there is through job evaluation. In this post, we'll explain what job evaluation is and go through the four main forms of job evaluation. We'll also provide tips on how to carry out a job...

15 tips for creating highly effective job descriptions

15 tips for creating highly effective job descriptions

Introduction A well-structured job description is critical and can be used for salary benchmarking, job postings, pay grading, performance reviews, and to help to ensure that both the employer and the employee have a clear understanding of the expectations and...

Pay Grading: Top 5 Essential Tips

Pay Grading: Top 5 Essential Tips

Pay Grading Tips When employees are compensated fairly and competitively, they have an increased motivation to perform well at their job. This also leads to higher job satisfaction. Increased productivity and commitment to their jobs is what every employer wants, and...

Salary Benchmarking Guide and Tips – 2023 Version

Salary Benchmarking Guide and Tips – 2023 Version

What is salary benchmarking and why is salary benchmarking important? Salary benchmarking is the process by which compensation professionals match internal positions and their descriptions to similar titles and descriptions in external salary surveys or other sources...

Benchmarking Salaries Fair Pay
Employee Pay Analysis

Benchmarking without the complexity

Get the best market data for salary benchmarking without the complexities. Customizable cuts of our salary database provide you with the best benchmarking data that aligns with your organization. We've developed a proprietary AI and Machine Learning platform that replaces traditional salary surveys, but offers the same great benefits.