Wage Scout
Wage Scout is a compensation management software that helps businesses benchmark salaries, set pay grades and pay ranges, conduct salary surveys, and analyze compensation trends. It includes databases for job titles and salary data.
compensation
payroll
salary-benchmarking
pay-grades
salary-surveys
Wage Scout: Compensation Management Software
Wage Scout is a compensation management software that helps businesses benchmark salaries, set pay grades and pay ranges, conduct salary surveys, and analyze compensation trends. It includes databases for job titles and salary data.
What is Wage Scout?
Wage Scout is a cloud-based compensation management software designed to help businesses effectively manage employee compensation. It includes the following key features:
- Job and salary databases - Contains up-to-date salary information and job descriptions for 800+ jobs
- Salary benchmarking - Enables companies to benchmark salaries based on location, industry, company size, job title, and other criteria
- Salary structure building - Tools to develop customized salary grades, ranges and bands for your organization
- Salary survey participation - Contributes your salary data anonymously to stay current on compensation trends
- Analytics and reporting - Interactive reporting and analysis of compensation metrics and trends
- Integration capabilities - Integrates with leading HRIS, payroll, and performance management systems
- Compliance features - Helps align pay structures to evolving regulations and compliance needs
- Customizable platform - Scalable solution that can be tailored to your organization's specific needs
With its robust compensation data and tools, Wage Scout empowers businesses to make strategic, data-based pay decisions, optimize budget spend, and attract and retain top talent.
Wage Scout Features
Features
- Job and salary data benchmarking
- Customizable compensation structure creation
- Salary range and pay grade automation
- Compensation analysis and reporting
- Employee salary tracking
- Salary survey creation and distribution
- Integration with HRIS and payroll systems
Pricing
- Subscription-Based
Pros
Comprehensive compensation data
Customizable to specific industries and locations
Automates tedious compensation tasks
Identifies pay disparities and trends
Cloud-based for easy access
Cons
Can be complex for smaller companies
Limited free version
May require IT support for setup and integration
Data may not be fully up-to-date
Official Links
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