Friday, July 27, 2007

The Going Rate

From the NYTimes Business Section: July 24, 2007

HOW MUCH? Want to know the going rate for employees like yours? One incredibly easy way to find out is to visit www.payscale.com, which says it owns “the largest database of online employee salary data in the world.”

The way it gathers information is simple and ingenious. In exchange for a report detailing how his or her compensation compares with others in the market, people are asked to submit detailed, anonymous information about their jobs and workplaces.

You probably want to check out the site, if for no other reason than your employees probably are.

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