What's My Employee Worth? The Effects of Salary Benchmarking ...

What's My Employee Worth? The Effects of Salary Benchmarking

We find that the benchmark information reduces salary dispersion by 25%. Thus, salary dispersion must stem partly from aggregate uncertainty about the salaries ...

This practice of using mar- ket pay data to identify typical market salaries for an internal position is known as salary benchmarking. Survey data suggests that ...

What's My Employee Worth? The Effects of Salary Benchmarking

Next, we measure the actual effects of these tools using administrative data from one of the leading providers of payroll services and salary benchmarks. The ...

What's My Employee Worth? The Effects of Salary Benchmarking

We study firms that gain access to a tool that reveals market benchmarks for each job title. Using a difference-in-differences design, we find that the ...

What's My Employee Worth? The Effects of Salary Benchmarking

“Using surveys to benchmark compensation levels ensures that the pay levels determined by the organization are not extraordinarily misaligned with market ...

What's My Employee Worth? The Effects of Salary Benchmarking

The evidence suggests that salary benchmarking has a significant effect on pay setting and in a manner that is consistent with the predictions of the model. Our ...

What's My Employee Worth? The Effects of Salary Benchmarking

Firms are allowed to use aggregate data on market salaries to set pay, a practice known as salary benchmarking. Using national payroll data, we study firms ...

What's My Employee Worth? The Effects of Salary Benchmarking

Request PDF | On Jan 1, 2022, Zoe Cullen and others published What's My Employee Worth? The Effects of Salary Benchmarking | Find, ...

Why Your Organization Should Use Salary Benchmarking

For instance, bumping salaries up to market may allow employers to retain their employees and save those pesky turnover costs. Our research ...

What's My Employee Worth? The Effects of Salary Benchmarking

An empirical analysis finds that: (1) On average, CEOs are paid 23.26% more than the benchmark; (2) additionally, we examine the bargaining ...

What's My Employee Worth? The Effects of Salary Benchmarking ...

The evidence suggests that salary benchmarking has a significant effect on pay setting and in a manner that is consistent with the theoretical ...

Research | Zoë B Cullen

What's My Employee Worth? The Effects of Salary Benchmarking. with S. Li and ... an organization comes from differences in pay between employees and their bosses.

Why is it Important to Implement Salary Benchmarking? - Rippling

Competitive salaries can boost employee motivation and productivity, leading to better performance. Informing compensation strategies: ...

Salary Benchmarking: Importance, Steps and Tips | Indeed.com

Improving overall job satisfaction: Fair compensation can improve employee morale and job satisfaction. Performing regular salary benchmarking ensures that ...

What's My Employee Worth? The Effects of Salary Benchmarking ...

CANCELLED: What's My Employee Worth? The Effects of Salary Benchmarking · Zoe Cullen (Harvard Business School), joint with Shengwu Li (Harvard) and Ricardo ...

Salary Benchmarking: Benefits And How To Do It

By engaging in salary benchmarking projects regularly, it ensures you're plugged into any major market shifts in compensation that could cause your employees to ...

Salary benchmarking: What is it and how do you do it? - Ravio

Without accurate salary benchmarking, HR and People leaders risk underpaying employees and losing talent to other organisations, or overpaying ...

Salary Benchmarking - PRMIA

Retention rate issues solved! From an internal perspective, salary benchmarking provides an impartial and accurate idea of pay information to help businesses ...

Is the Salary Benchmarking Process Worthwhile? - Personio

Salary benchmarking allows you to ensure that every employee in your company is paid fairly, by developing set salary ranges for each role. This also helps you ...

Why Managers Should Care About Salary Benchmarking - Figures HR

But ensuring your employees are (actually) paid fairly can also have a big impact on you as a manager. According to a recent survey by Indeed, ...