How to Optimize Compensation Using Technology

The Knowledge Based Economy

Mechanization, water power, steam power

Mass production, assembly line,

electricity

Computer and automation

Cyber physical systems

Employee Salary Sources

“I am convinced of one thing—that in the future, talent, more than capital, will represent the critical factor of production.”

- Klaus Schwab, Founder and Executive Chairman of the World Economic Forum

The Talent Investment

*2017 Compensation Best Practices Report

You’ll Need More Than Just Data

20%Of employers say their

employees are fairly paidBut only 20% of

employees agree Of organizations agree

compensation is becoming more important to their

executives

57%44%

PayScale Helps You:

Make Educated Pay Decisions

Communicate the Strategy

Hire and retain the best talent

Manage labor cost effectively

Get a demo

http://resources.payscale.com/hr-request-a-demo.html

Final Thoughts