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January 22,
2007 Press Release
Free Salary Data and
Software to Evaluate and Set Enterprise-Wide Pay
Levels
Free
CompFacts is a no-cost combination of
market salary data and
pay analysis software.
It provides full market statistics on hundreds of
jobs covering virtually every level, industry,
function and state/region. Users can automatically
import their organization’s employee data, match
their organization’s jobs to survey jobs, measure
their salary program’s competitiveness and
effectiveness using critical employee, job, grade,
organization unit and salary structure metrics, and
determine the demographic and cost impact of
required salary structure adjustments.
Stamford, CT (PRWEB) January 22, 2007 – With Free
CompFacts, resources-limited HR staffs can now
quickly assess and set their enterprise-wide salary
levels with cost-free professional-grade software
and market data on hundreds of jobs.
Free CompFacts is especially useful to
regional/multi-state computer-comfortable
organization entities with fewer than about 10,000
employees and limited HR budgets, staff and time to
optimally manage a modern and full-blown salary
program. The software is a free version of
CompFacts’ powerful pay analysis software called Pay
Integrator. The software and data can typically be
installed, internal data imported, job matches
established and analyses undertaken in a single
morning by a single compensation analyst.
“Being no-cost, easy to set up and maintain,
job-rich and professional-grade, this is a truly
unique and complete tool for many overworked
compensation staffs” said Robert Lerner, CompFacts’
founder.
The provided data are a subset of CompFacts’
database of enhanced government pay information, and
include average, median and 10th, 25th, 40th, 60th,
75th and 90th percentile state/regional market
salary levels. The source pay surveys use
statistically-adequate sample sizes and consistent
and well-tested mathematical, computer and
compensation techniques overseen by professional pay
analysts, statisticians and economists. The database
covers 800 jobs, 442 industry classifications, all
52 states and 409 metropolitan statistical areas.
The software allows market data to be projected to
any future date, and then be compared against the
user’s incumbent and target salaries on matching
jobs, in order to:
• Assess competitiveness at the employee, job,
grade, salary structure and organization unit level
• Adjust salary structures and assess the resulting
demographic and cost impact
• Assess the impact of changes in pay program
strategies and methodologies
• Estimate market salary levels for jobs which have
job evaluation points but are either unique or have
no survey data
Free CompFacts will completely meet the needs of
many organizations. For others needing different
statistics or jobs, or industry, national or local
data, inexpensive data upgrades are available. And a
low-cost and flexibly-priced paid version of Pay
Integrator is available for organizations that need
the ability to:
• Use data from their own pay surveys – including
virtually any pay element, statistic and data cut
• More easily participate in, and submit data for,
their own pay surveys by automatically populating
Excel worksheets with internal pay data on their
matching jobs
• Create a single Excel workbook which consolidates
all of their critical internal and survey data
“I’ve recently used Pay Integrator for a high-tech
client with over 9,000 employees, a very
sophisticated pay program, and about 25
comprehensive pay surveys with dozens of data fields
and data cuts – and found it remarkably powerful and
flexible” said Phillip R. Henry, President of
Dallas-based HR Management Consulting Services.
Please contact Robert Lerner for additional
information, or visit www.compfacts.com/freecompfacts.htm
for details on the market data and a webcast on the
software.
About CompFacts:
CompFacts was founded in 1982, is privately-owned,
and provides compensation software, data and related
services to members of the pay management
profession.
Contact:
Robert J. Lerner, Founder
CompFacts
646-300-9507
http://www.compfacts.com
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