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Salary Surveys and the InternetHaving accurate information on pay rates in the market is critical for an organization. If an organization is paying too high relative to the market, then their costs and competitiveness will be impacted. If the organization pays too low relative to the market, then the quality of employees may be below average and/or turnover may be high. The most accurate information would come from companies that are competitors for labor (they hire employees from your organization and vice versa). Then once these companies are identified, the jobs would be carefully matched and salary information would be exchanged. This process can be costly, time-consuming, and it has some legal risks (price-fixing, collusion, etc.). More commonly, companies use an independent third party to collect the data from each company, help ensure the accuracy of job matching, and then provide participating companies with detailed survey results. These surveys can be expensive too. The Internet is a source of free survey information. However, some of the information may be unreliable. The best way to determine reliability is to evaluate how the data was collected. Many rely on voluntary disclosure of salary information from readers. These surveys generally don't represent an valid cross-section of employees. Headhunters often disclose salary statistics, based on the individuals that they place. Neither is this a good cross section of employees since less than 5% of employees are placed by headhunters, and those they place are relatively highly paid. Below are some web sites that provide salary data. DataMasters sponsors a survey of Information Technology positions. Salary data is reported by geographic region Salary.com provides salary data for employees and employers. Basic information is free and more in-depth data is available for a fee.
The US Census Bureau provide demographic data by location and occupation, including wage data. http://www.census.gov/eeo2000/index.html Finally, the following two sites include links to numerous web sites that contain a wide variety of salary surveys. It is recommended that you exercise caution (as mentioned above) before using these surveys. The two sites are: The Economic Research Institute (ERI), and JobStar 
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