How to Market Price Jobs
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Inside This White Paper

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What Is Market Pricing?
Market pricing is a method to determine the competitive value of jobs based on the analysis of the external labor market through salary surveys. Market pricing is a job evaluation methodology that creates a job-worth hierarchy based on the “going market rate” for benchmark jobs in the external marketplace that is relevant to an organization.
What Is a Salary Survey?

Salary surveys reflect the results of a data collection process, such as a questionnaire,  gathered from a number of employers to capture summarized employee compensation through benchmark job titles and descriptions commonly found in the external labor market.

Benchmarking

Compensation survey benchmarking involves matching your organization’s jobs to those in a salary survey. It is important to review both job summary responsibilities and the level of scope and complexity. Benchmark jobs found in salary surveys are used to make pay comparisons, either internally or externally, for an organization.

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Compensation Data From SalaryExpert

We have salary information and cost of living data for thousands of job titles and locations around the world.
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About SalaryExpert

SalaryExpert, powered by ERI, was launched in 2000 with a mission to provide employers, human resource professionals, and job seekers with compensation data. Backed by over 30 years of verified and reliable salary data, SalaryExpert draws on ERI’s expertise in salary and cost of living data to provide the public with excellent tools for evaluating career, relocation, compensation, and education decisions. We want to make your compensation planning and career evaluation easier with access to salary survey data for more than 8,500 locations, 1,100 industries, and 11,300 jobs including 800 executive positions.
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Our Process

Data are gathered from 3 sources: surveys we conduct, surveys purchased from other organizations, and reports from publicly traded organizations.

SalaryExpert conducts advanced analytics to accurately capture the market value of each occupation in our salary survey database

Explore SalaryExpert’s wage, salary, and compensation databases of over 11,000 job titles, 1,100 industries, and 8,500 locations.

After compiling the data, we conduct QA to ensure data are of the highest quality.

SalaryExpert analysts double-check the results for each job every quarter.

Data Collection

Data are gathered from 3 sources: surveys we conduct, surveys purchased from other organizations, and reports from publicly traded organizations.

Data Verification

After compiling the data, we conduct QA to ensure data is vetted, verefied, and of the highest quality.

Analysis

SalaryExpert conducts advanced analytics to accurately capture the full scope of each occupation in our salary survey database.

Quality Assurance

SalaryExpert analysts double-check the results for each job every quarter. Our verified salary survey information helps set the benchmark pay.

SalaryExpert Results

Explore SalaryExpert’s wage, salary, and compensation databases of over 11,000 job titles, 1,100 industries, and 8,500 locations.