| |
Round and round we go, where Astron stops
nobody everybody knows! On Wednesday March 26th, we see Astron Solutions both exhibiting AND presenting at the CRHRA Annual Conference and Marketplace! Astron’s Paul Hart Miller, Director, Client Services, will be meeting and greeting at our exhibit at the conference which will run from 9:30AM until 5:30PM. Then Astron’s very own National Director Jennifer Loftus, SPHR, CCP, CBP, GRP, will be making the presentation
A + B + C = WOW! Using Total Rewards to Your Strategic Advantage from 3:15 until 4:15PM.
In April we see a flurry of activity. On April 10th, National Director Michael Maciekowich will be speaking at the SHRM of Tompkins County meeting. The very next day, April 11th, we see Paul Hart Miller attending the meeting of the SHRM of Long Island. Be sure to stop by and say hello!
Can’t make a presentation or exhibit? Be sure to visit our
presentations page after the meeting date to download your copy of the presentation materials!
In today’s job market it is critical to know how much to pay employees while staying competitive with industry and geographic peers. Over-compensation, as well as under-compensation, are two costly problems that many employers will eventually face. One solution for ensuring that organizations make the right compensation choices is utilizing a published market pricing survey. However, many of the published salary surveys do not always represent the most current information on certain positions, because of the difficulty in compiling and conducting such broad surveys.
An alternative to using a published market survey is to conduct a custom survey. Custom surveys are mainly used when employers have very specific benchmark jobs or market needs on unique positions, positions within a very specific industry, or unusual job market circumstances. In essence, custom surveys are intended to reach out to specific organizations the employer chooses for the survey, gather pay data from the participants, and prepare a survey report for those specific benchmark jobs.
It sounds easy, but it isn't. There are several guidelines that must be heeded before conducting a custom survey. Otherwise, these guidelines are difficult to overcome if you are not aware of them from the beginning. Here are some tips that employers should recognize before they begin the custom survey process:
When attending industry events and professional associations, many employers unintentionally participate in illegal salary data sharing. Some human resource professionals are still unaware of the fact that this information sharing has been
made illegal with the Sherman Anti-Trust Act in place. The Anti-trust law was initially applied to salary data because lawmakers were concerned that employers would engage in “price-fixing” salaries when they had information concerning their competitors’ wages and benefits. This application of the law makes it technically illegal for employers to call up other organizations and ask what they are paying specific jobs. Violations of the law can be followed by fines and even possible imprisonment, making it important to know about the law and how to avoid any legal issues.
The following are steps that need to be taken to avoid legal issues:
• Make salary survey results and other industry research available to both association members and nonmembers.
• Do not exchange information on the expectation that it will be used to level out wages or benefits between competitors.
• Include at least 5 or more organizations in the survey.
• Utilize an outside consultant to gather and analyze information regarding the custom survey. This ensures that participants to do have access to any organization’s specific data.
• Provide the final product of the custom survey process in a collective, qualitative form. Only then can the results be distributed among participants. Share salary ranges and benefit information on the premise that no data is revealed about a particular job or employer.
• Use salary and benefit information that is at least 3 months old or older.
• Finally, use other data sources during the organizational market pricing process. Data from the custom survey should not be the primary source on which employers base their compensation and benefit policies.
For more information on these guidelines visit:
http://www.usdoj.gov/atr/
It typically takes anywhere from 4 - 12 weeks to run a custom survey. Managers often incorrectly think it will take a week or two to complete the survey process. That not being the case, it is imperative that Human Resources communicate the actual timeframe of the survey before beginning. Successful custom surveys require planning and a commitment from everyone involved. Start by writing a plan that includes key actions and dates, as well as the resources that will be required to complete the survey. The best way to avoid delays is to work closely on a detailed schedule, with a reasonable knowledge of the participants’ time capacities and limitations. During the survey process, be proactive in offering assistance and ensuring that participants fully understand what they need to do in their allotted timeframes. Frequent communications to verify the progress on how the survey is going will keep participants moving ahead and will avoid any surprises at deadline time. Also remember that this is a collaborative project involving both the participants and the survey conductors. Both have a stake in the outcome. By creating an implementation timeline, the survey developer will be able to run checks, tally results, and make results available by the requested date.
Increased survey participation means better and more complete results. However, in most cases, in order to get 5 organizations to participate, you need to start with many more (e.g., 15+). Also, the process goes much more smoothly if managers from the organization sponsoring the survey lay the groundwork and get the invited participants interested in participating. Many times when survey providers begin doing cold calls, the invited participants could care less and don't participate.
Keep in mind that there are good and bad times to do surveys. Do not expect a lot of participation if a survey is being conducted during a certain industry’s busy season or right after annual profit sharing checks are distributed. Focus instead on a slower time of the year with less projects competing for the meticulous attention required from participants.
Another key to success is making the survey user friendly. Easy “looking” surveys will get more participation so be sure to make the survey colorful and organized with detailed instructions and limited questions to ease the concerns of hesitant participants.
Would you fill out a lengthy, time consuming survey for nothing? The answer is probably
No. To remedy this problem, employers need to provide survey participants something of value as a thank you for their time and effort. This most likely will be a complementary report of the customized survey results reflecting the statistics specified by the survey provider. Be sure to include a “Benefits of Participation” section in your survey inquiry to entice organizations to participate. Elaborate on the fact that, as a participant, they will receive the most up to date comprehensive salary survey available normally worth hundreds of dollars – for free. Additionally, organizations participating in the survey process generally take it very seriously and expect that their efforts have made a difference. Be sure to communicate the results as well as appreciation for their contribution, or your survey will not get the same attention the second time around.
A custom survey is only as good as what each participant puts into it. As with any survey, the results cannot be expected to always be perfect. However, surveys are the easiest, least expensive way of getting comprehensive statistics from a large quantity of participants. The success of your custom survey mainly depends on choosing the right participants, getting them involved, and making correct use of the information you take from the final product. Lastly, when you receive your custom survey report, have an action plan in place to keep your organization on track and competitive with others. Your new custom survey will help you make more informed data-based decisions, as well as make educated recommendations to your colleagues.
Wonder what your fellow readers think about critical HR topics? Is your organization unique from or similar to others?
Click here to view the results of our past polls!
Don’t miss next issue! We will be starting two new and exciting series along with the classics.
The Astron Road Show
Doin’ Good in the Neighborhood
How to Make 2008 Great – Employment Branding
See you soon!
If you have a topic you would like addressed in Astronology, or some feedback on a past article, don't hesitate to tell us! Simply reply to this e-mail. See your question answered, or comments addressed, in an upcoming issue of Astronology.
Looking for a top-notch presenter for your human resource organization's meeting? Both Jennifer Loftus and Michael Maciekowich present highly-rated sessions on a variety of compensation and employee retention issues. For more information, send an e-mail to
info@astronsolutions.com.
Are you reading a pass-along copy of Astronology? Click on
this button
to start your own subscription today!
Send inquiries to
info@astronsolutions.com or call 800-520-3889, x105.
We hold your e-mail address in trust. Astron Solutions promises never to share or rent your personal information. We also promise never to send you frivolous e-mails and will allow you to leave our list, at your option, at any time.
To remove yourself from this list, please follow your personalized subscriber link at the bottom of your Astronology alert e-mail.
Copyright 2008, Astron Solutions, LLC
ISSN Number 1549-0467
|
|