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Comp Founda+ons: Mul+ple Loca+ons

Comp Foundations: Comp Strategy for Multiple Locations

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Page 1: Comp Foundations: Comp Strategy for Multiple Locations

Comp  Founda+ons:  Mul+ple  Loca+ons  

Page 2: Comp Foundations: Comp Strategy for Multiple Locations
Page 3: Comp Foundations: Comp Strategy for Multiple Locations

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Introduc+on  Jennifer  Ferris,  CCP  Manager  Professional  Services  

Kendall  Selle,  CCP  Manager  Customer  Success  

Page 4: Comp Foundations: Comp Strategy for Multiple Locations

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54  Million  Salary  Profiles  10  Org  types  350  Industries  15,000  Job  Titles  

2,300  skills,  4,200  cer+fica+ons    

The  World’s  Largest  Salary  Database  

Page 5: Comp Foundations: Comp Strategy for Multiple Locations

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How  do  I  handle    mul+ple  loca+ons?  

Page 6: Comp Foundations: Comp Strategy for Multiple Locations

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The  Basics  

Page 7: Comp Foundations: Comp Strategy for Multiple Locations

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I’ve  got  employees  in  more    than  one  place.    

   How  do  I  add  a  new  loca+on?  

Page 8: Comp Foundations: Comp Strategy for Multiple Locations

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Page 9: Comp Foundations: Comp Strategy for Multiple Locations

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Op+on  1:  Click  “Add”  to  start  fresh  

Page 10: Comp Foundations: Comp Strategy for Multiple Locations

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Op+on  2:  “Clone”  an  exis+ng  labor  market  to  start  with  exis+ng  informa+on  

Page 11: Comp Foundations: Comp Strategy for Multiple Locations

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Enter  relevant  informa+on  

Page 12: Comp Foundations: Comp Strategy for Multiple Locations

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Different  Loca+ons  

Page 13: Comp Foundations: Comp Strategy for Multiple Locations

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Page 14: Comp Foundations: Comp Strategy for Multiple Locations

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Different  Organiza+on  Types  

Page 15: Comp Foundations: Comp Strategy for Multiple Locations

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Page 16: Comp Foundations: Comp Strategy for Multiple Locations

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Different  Industries  

Page 17: Comp Foundations: Comp Strategy for Multiple Locations

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Page 18: Comp Foundations: Comp Strategy for Multiple Locations

Different  Organiza7on  Sizes  

Change  to  chalkboard  

Page 19: Comp Foundations: Comp Strategy for Multiple Locations

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Page 20: Comp Foundations: Comp Strategy for Multiple Locations

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Page 21: Comp Foundations: Comp Strategy for Multiple Locations

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One  of  our  employees  is  transferring  from    

one  loca+on  to  another.    

How  do  I  move  her  in  Insight?      

Page 22: Comp Foundations: Comp Strategy for Multiple Locations

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Go  to  Employees  in  Your  Workforce  

Page 23: Comp Foundations: Comp Strategy for Multiple Locations

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Click  on  the  first  edit  details  bu]on  

Page 24: Comp Foundations: Comp Strategy for Multiple Locations

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Select  Louisville  from  the  Labor  Market  dropdown  menu  

Page 25: Comp Foundations: Comp Strategy for Multiple Locations

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The  Science  

Page 26: Comp Foundations: Comp Strategy for Multiple Locations

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How/should    I  differen+ate  pay  

between  my  loca+ons?  

Page 27: Comp Foundations: Comp Strategy for Multiple Locations

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Page 28: Comp Foundations: Comp Strategy for Multiple Locations

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Market  Differen+al  Analysis  Report  

Page 29: Comp Foundations: Comp Strategy for Multiple Locations

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Market  Differen+al  Analysis  Report:  Generate  Differen+als  

Page 30: Comp Foundations: Comp Strategy for Multiple Locations

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Market  Differen+al  Analysis  Report:  Results  

Page 31: Comp Foundations: Comp Strategy for Multiple Locations

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Market  Differen+al  Analysis  Report:  Se`ngs  

 

Page 32: Comp Foundations: Comp Strategy for Multiple Locations

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Market  Differen+al  Analysis  Report:  Func+onal  Area  

Size  of  difference  between  Chicago  and  the  other  labor  markets  depends  on  the  func+onal  area,  in  this  case  

Page 33: Comp Foundations: Comp Strategy for Multiple Locations

www.payscale.com  Source:  h]p://www.governing.com/topics/energy-­‐env/north-­‐dakotas-­‐oil-­‐boom-­‐blessing-­‐curse.html  

Page 34: Comp Foundations: Comp Strategy for Multiple Locations

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What  if  we  moved  our  HQ  to  another  loca+on?  

 

Page 35: Comp Foundations: Comp Strategy for Multiple Locations

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Scenarios  were  made  for  What  If  ques+ons!  

Page 36: Comp Foundations: Comp Strategy for Multiple Locations

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Op+on  1:  Use  the  MDA  to  ballpark  at  high  level  

“It  would  cost  us  about  8%  more  to  have  our  employees  in  Chicago  vs  Louisville”  

Page 37: Comp Foundations: Comp Strategy for Multiple Locations

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Op+on  2:  Move  all  employees  to  the  new  loca+on  and  look  at  summary  reports  

Live:  

Scenario:  

Page 38: Comp Foundations: Comp Strategy for Multiple Locations

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The  Art  

Page 39: Comp Foundations: Comp Strategy for Multiple Locations

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What  should  I  think  about  when  it  comes  to  my  loca+ons?    

Page 40: Comp Foundations: Comp Strategy for Multiple Locations

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Commute  Distance  

35-­‐40  minutes  

Page 41: Comp Foundations: Comp Strategy for Multiple Locations

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My  loca+on  isn’t  my  loca+on  

Page 42: Comp Foundations: Comp Strategy for Multiple Locations

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Did  we  ask  them  or  did  they  ask  us?  

Page 43: Comp Foundations: Comp Strategy for Multiple Locations

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How  mobile  is  our  workforce?  

Page 44: Comp Foundations: Comp Strategy for Multiple Locations

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The  Execu+on  

Page 45: Comp Foundations: Comp Strategy for Multiple Locations

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Tips  &  Best  Prac+ces  • You  may  find  you  have  different  markets  by  loca+on.    In  Spokane  we  compete  with…  in  Chicago  we  compete  with…  

• You  may  find  you  have  mul+ple  markets  within  one  loca+on.    Try  to  keep  it  to  1-­‐3  per  loca+on.  

• Let  the  data  drive  your  decision,  but  incorporate  what  you  know  about  your  various  loca+ons  too.  

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Q  &  A    

(we’ll  email  this  out)