What is your preferred method for determining a competitive salary range for a specific position ?
What is your preferred method for determining a competitive salary range for a specific position ?
What is your preferred method for determining a competitive salary range for a specific position ?
My preferred method for determining a
competitive salary range involves conducting thorough
market research. I start by analyzing industry-specific
salary surveys, job market reports, and data from
reputable sources like the Bureau of Labor Statistics.
Additionally, I consider factors such as the
organization's size, location, and unique job requirements. By combining these sources of
information, I can develop a salary range that is both
competitive in the market and aligned with the
company's budget and compensation philosophy.