comp foundations: comp strategy for multiple locations
TRANSCRIPT
Comp Founda+ons: Mul+ple Loca+ons
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Introduc+on Jennifer Ferris, CCP Manager Professional Services
Kendall Selle, CCP Manager Customer Success
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54 Million Salary Profiles 10 Org types 350 Industries 15,000 Job Titles
2,300 skills, 4,200 cer+fica+ons
The World’s Largest Salary Database
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How do I handle mul+ple loca+ons?
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The Basics
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I’ve got employees in more than one place.
How do I add a new loca+on?
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Op+on 1: Click “Add” to start fresh
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Op+on 2: “Clone” an exis+ng labor market to start with exis+ng informa+on
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Enter relevant informa+on
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Different Loca+ons
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Different Organiza+on Types
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Different Industries
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Different Organiza7on Sizes
Change to chalkboard
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One of our employees is transferring from
one loca+on to another.
How do I move her in Insight?
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Go to Employees in Your Workforce
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Click on the first edit details bu]on
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Select Louisville from the Labor Market dropdown menu
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The Science
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How/should I differen+ate pay
between my loca+ons?
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Market Differen+al Analysis Report
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Market Differen+al Analysis Report: Generate Differen+als
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Market Differen+al Analysis Report: Results
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Market Differen+al Analysis Report: Se`ngs
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Market Differen+al Analysis Report: Func+onal Area
Size of difference between Chicago and the other labor markets depends on the func+onal area, in this case
www.payscale.com Source: h]p://www.governing.com/topics/energy-‐env/north-‐dakotas-‐oil-‐boom-‐blessing-‐curse.html
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What if we moved our HQ to another loca+on?
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Scenarios were made for What If ques+ons!
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Op+on 1: Use the MDA to ballpark at high level
“It would cost us about 8% more to have our employees in Chicago vs Louisville”
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Op+on 2: Move all employees to the new loca+on and look at summary reports
Live:
Scenario:
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The Art
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What should I think about when it comes to my loca+ons?
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Commute Distance
35-‐40 minutes
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My loca+on isn’t my loca+on
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Did we ask them or did they ask us?
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How mobile is our workforce?
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The Execu+on
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Tips & Best Prac+ces • You may find you have different markets by loca+on. In Spokane we compete with… in Chicago we compete with…
• You may find you have mul+ple markets within one loca+on. Try to keep it to 1-‐3 per loca+on.
• Let the data drive your decision, but incorporate what you know about your various loca+ons too.
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Q & A
(we’ll email this out)