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Job Matching

Webinar-Comp foundation: Job Matching

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Page 1: Webinar-Comp foundation: Job Matching

Job Matching

Page 2: Webinar-Comp foundation: Job Matching

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IntroductionAshley Adair, PHR, SHRM-CPBenchmarking Lead

Jenni Marquez, CCPSr. Comp Professional

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Job Matching for compensation planning

and strategy

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Agenda1. Basics2. Art3. Science4. Q&A

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The Basics

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Benchmarking:Defining your workforce through job matching, market information, and your organization’s overall strategy.

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A benchmark job remains consistent across diverse organizations, allowing employers in various companies and even different industries to use it as a basis for evaluation and comparison.

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Job matching is part of the benchmarking process.

Job matching is the process by which you choose which factors are compensable for the job.

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40 Million Salary Profiles250 Compensable Factors

10 Org types 350 Industries 14,000 Positions

The World’s Largest Salary Database

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Apples to Apples

To get the best data, you need to make sure that the job in your workforce matches up with task list of the PayScale title you choose.

You can proceed with confidence if 70% or more of the tasks align with your job.

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Match jobs, not peopleMatch Jobs, not People

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Compensation: Both Art & Science

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The Art

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What is the essence of this job?

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“I don’t have all of my job descriptions

together yet. I’m still working on them!”

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To match jobs in PayScale, you don’t need to have the

same long JD that you’d use on your career site.

You just need to know the key compensable factors.

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Searching by Title

“Also Known As”: similar titles for the same job

All of the data from “Also Known As” roles is ‘rolled up’ into the main title

A rose is a rose is a rose….

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Tips & Best Practices:• When searching; less is more! • A “good match” is when 70% or greater of the

task list aligns with the job in question• You cannot edit job tasks• Consider flipping your search around• example: Director of Sales vs. Sales Director

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Job Matching by Tasks

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Careers at OurCompany, LLC

ROLECode NinjaSocial Media MavenDirector of First ImpressionsVP of Misc. StuffDesign SherpaAmbassador of BuzzDigital ProphetCustomer Evangelist

LOCATIONSeattle, WASeattle, WASeattle, WASeattle, WABoise, IDBoise, IDBoise, IDRichmond, VA

Sometimes you can’t go by title

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The Science

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What are the compensable factors for this job?

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The Blue Number

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Years Experience

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Tips & Best Practices:• Our tool uses career experience, not minimums• Getting Years of Experience (YOE) correct is key

to a good match• How many years would it take for someone to be

at ‘full proficiency’ or to ‘hit the ground running’

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Individual ContributorEntry Level: 1-3 yearsIntermediate: 4-7Senior: 8+

Supervisory, Management, etc.Supervisor: 6-10Manager: 10-15Director: 15-20VP: 18+C levels: 25+

PayScale Recommends

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Typical Education

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Tips & Best Practices• Match to the preferred education level

example: Bachelor’s degree required. Master’s degree preferred

• No preference? Select “Any”Selecting anything lower limits the data

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Job & Management Responsibilities

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Tips & Best Practices• Number supervised includes both direct and

indirect reports

• Even if they are not the ultimate decision maker, if the job is involved with any of the management responsibilities, check the box

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Typical Skills

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Typical Skills

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Financial Reporting Budget Management

Financial AnalysisAccount Management

Accounts PayableAccounts Receivable

ADP Payroll SystemBookkeeping

Customer ServiceGeneral Ledger Accounting

Human ResourcesExcel

Month-End ClosePayroll Administration

QuickbooksTax Preparation

Windows Operating SystemSAP Financial Accounting and Controlling

Account Management BillingCollections

BankingBookkeeping

Data EntryData Processing

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Financial Reporting Budget Management

Financial AnalysisAccount Management

Accounts PayableAccounts ReceivableADP Payroll System

BookkeepingCustomer Service

General Ledger AccountingHuman Resources

ExcelMonth-End Close

Payroll AdministrationQuickbooks

Tax PreparationWindows Operating System

SAP Financial Accounting and Controlling Account Management Billing

CollectionsBanking

BookkeepingData Entry

Data Processing

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Tips & Best Practices• Skills are not job tasks• Pick 3-5 of the highest level skills of the job• Use skills to capture oddities in jobs• Note software the job uses (except MS Office)• New skills are constantly added

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Typical Certifications

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Typical Certifications

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Tips & Best Practices

You don’t need to choose just one, if they certifications are differentExample: PHR vs. SPHR

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What about Hybrid Jobs?

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Benchmark to the higher level job

Example: You’re hiring an accountant who can also be a receptionist, not a receptionist that will also do accounting work.

If they left, you’d be hiring an accountant.

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If someone has responsibilities under two different, similarly paid roles, benchmark to the job they do most often.

Then add skills and certifications that encompasses the secondary role

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But this really is a hybrid job!

If you know the jobs, and you know the weighting, PayScale has a calculator that will do the heavy lifting.

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Non-benchmark jobs

It’s an odd job. And that’s okay!

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A benchmark job remains consistent across diverse organizations, allowing employers in various companies and even different industries to use it as a basis for evaluation and comparison.

Remember:

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Tips & Best Practices• Unanswered or blank compensable factors are

considered “any” NOT “none.”• Pay for the preferred skill.•What’s the fail factor?•What do you value more? Benchmark for that.

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Q & A(we’ll email this out)