Tuesday, February 24, 2015

Salary and Total Compensation Forecasts

Reliable Salary and Total Compensation Forecasts need to take into account a wide range of past, present and future planning data from a wide number of sources.  While there are a number of Salary Budget and Structural Compensation Surveys available those are only a very small portion of the data that must be considered in developing algorithms to forecast Compensation Trends.

Geographic Factors, Labor Availability, Occupational Growth Trends, Historical and current Compensation and Benefit levels, Industrial and Service Sector growth and relocation movements and a host of other factors are all in play.

Compensation Forecasts that takes into account the above wide range of factors include

Short and Long Range
US Bureau of Labor Statistics
CompGeo Salary and Compensation Forecast Library

Short Range
US Bureau of Labor Statistics
Hay Group Forecasts
Mercer Compensation Forecasts
Robert Half Salary Guides