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Compensation Review
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IT Compensation is difficult to
establish but crucial! IT resource costs are often the
single biggest component of an IT budget. Market rates for
salaried and hourly resources of the various flavors of IT
technology can vary widely based on many factors including,
geography location, local and national employment levels,
the current demand for (and popularity of) various
technologies, and even local lodging availability!
Sound familiar?
HR can be hampered by the complexities of IT market
resource pricing with its jargon, mind boggling range of
unfamiliar technologies, myriad types of certification,
credentialing organizations, and the inconveniences of
technical testing, prescreening, or credential validation
that may need to be done.
Harried IT hiring managers within an organization can lose
touch with current market-based compensation rates or fair
markup rates for vendors.
Polling doesn't work well
Polling vendors may be done so infrequently it may not
reflect accurate market rates at a given time. It wastes HR
time to conduct the poll and tabulate the results. Website
compensation calculators may be outdated at the date of
access or inaccurate.
Risks of poor compensation information
If salaried compensation is out of line with current
market valuations, you risk demotivating and loosing
valuable IT resources with a large store of accumulated
corporate knowledge to other employers or not being able to
attract and hire a good permanent resource.
Rate Cards
Knowing IT resource market rates and salaries is
essential to properly plan and budget IT projects and for
successfully sourcing IT talent. If HR or management sets
the hourly rate too low, you may not be able to find a
resource to fill your need, or the resources you do find
will probably not be of the experience and skill level you
need. Worse yet, the search may end up wasting your HR's
time in a fruitless or wasted search.
IT Vendor Concerns
How do you know what you are paying for when you hire a
outside vendor? VMS claim to be vendor neutral, but pass on
their own costs which can limit the quality of the IT
resources submitted.
When it comes to IT compensation, whom can you trust for
objective information?
Because AVVAL provides IT RPO services and works with
recruiters, HR, and IT managers in a wide range of
industries, you can bet we stay on top of IT resource rates
and salaries. Our network of IT contacts and daily
interaction with people in the field throughout the
continental US, gives AVVAL solid sources for the most
accurate and up-to-date rate and salary information
available anywhere in the IT industry. When it comes to IT
vendors, we can document markups, so you know what you are
paying for. Whether your need is to establish market rates
for individual IT positions or for rate cards covering a
suite of technologies and skill levels, or just to establish
fair markups for IT vendors, AVVAL can help you establish
fair and accurate compensation rates. |
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