December 3, 2008

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What Kind Of Fish Stories…

The Internet can be a great tool for both business and individuals. With the availability of data “online,” however, organizations should always be concerned that the information taken from questionable sources, portrayed as being reliable, may begin to effect how business is conducted.
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The Value of Pay Data on the Web— Nominal or Real?

Compensation professionals need tools and processes to evaluate the reliability of online compensation data.
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Anti-trust Laws Affect Compensation Survey Design and Use

Survey design itself, including statistics and display of data, need to facilitate both ease of use and legal compliance. The selection of surveys for use can have an impact on your compensation program, but also on whether your organization's practices comply with anti-trust legislation.
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Employers Should Scrutinize Sources of Internet Survey Data

Have you ever been challenged by an employee armed with compensation survey data obtained from the Internet and looking for more money?
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In this day of high tech, internet, and hit or miss service organizations there exists a group of associations that has quietly been conducting and maintaining some of the most comprehensive wage, salary, and benefit surveys in the country. 

The Employer Association Group is an affiliation of 63 locally based, independently operated employer associations across the country whose function it is to assist their member companies with Management and Human Relations issues through an offering of services on both the local and national level.

The EAG (Employer Association Group) was formed 95 years ago by the National Association of Manufacturers (NAM) as a partnership to help strengthen the free-enterprise system and expand support for the manufacturing initiative in a legislative process.

These 63 EAG associations represent nearly 50,000 businesses (4 million workers) in their local communities across the nation.  The primary reason cited for joining an EAG association is the access to valuable data and information.

Each association conducts annual wage and salary surveys (at the local level) along with benefit surveys and special industry surveys.  These reports are known for being extremely comprehensive with many containing data on hundreds of jobs from the local market with several data breakouts to make the information more useful for compensation planning.  Job categories surveyed include production, service, trades, office clerical, technical, supervisory, management, and executive.

Many of the Associations also work together to co-sponsor the following seven EAG National Surveys:

  • Executive Compensation
  • Wage and Salary
  • Sales Compensation
  • Information Technology
  • Engineering
  • Wage and Salary Adjustment
  • Policies and Benefits