Being able to have compensation data at the tip of your fingers. We've used LaborIQ almost daily, but it was during a Company-wide salary assessment that it came in the handiest.

LaborIQ is tool we find valuable. Our contact and customer success is responsive and very good at what they do. There's high-quality support when you join. The user interface is much more user-friendly than Salary.com CompAnalyst. We feel like overall that LaborIQ gives a solid baseline/ballpark, but as far as hard numbers, it's not an exact science. Not a knock on LaborIQ - we understand this is a challenging area to play in, especially given the state of the world. There will never be perfectly solid data as to what the market truly looks like for any position. Since companies started hiring so many remote roles, it has increased the competition. Companies now have to fight for attention amidst so many other options, including companies that are better able to pay the recommended salary amounts or higher. This software gives helpful guidelines that you can change and adapt based on how specialized your industry or need is. For example, we had a financial controller role and we were specifically looking for experience in the SaaS B2B space. Since we had that specialization that wasn't be represented in LaborIQ, LaborIQ's recommended payrange was 70k below what we ended up paying for our selected candidate. So we keep in mind that we may be above the range depending on how specialized our experience requirements are.

LaborIQ gives us realistic salary ranges that are verified by credible 3rd parties - which has saved me dozens of hours every year validating appropriate salaries. This solution is also really robust. We have the ability to look at not just salary averages but also the total compensation averages in a particular geography. We can also factor in education levels, years of experience, employee and revenue size of your company and industry you participate in to develop an offer that most closely aligns with what you need. In an instant, I can now be competitive with compensation and get the talent I want.