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Terrific post Ann. In your opinion, are the traditional compensation vendors equipped to handle the elasticity that new market conditions demand? Are annual surveys enough or do we need to see much more flexible and timely representations of the so-called "new normal"?

Mark:

Thanks! A really excellent question. I think we're poised at the beginning of a revolution in how market pay data is collected and delivered. Some survey providers are already providing some degree of regularly "refreshment" in their data and making it available online, moving away from an annual report format. I think this is the beginning in a whole chain of innovation that's bound to hit the pay survey business at some point.

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About The Author

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    Compensation consultant Ann Bares is the Managing Partner of Altura Consulting Group. Ann has more than 20 years of experience consulting with organizations in the areas of compensation and performance management.

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