Crowdsourced Compensation Data: Do We Trust It?

Crowdsourced Compensation Data: Do We Trust It?

July Educational Luncheon

Social media sites have recently launched platforms for users to submit and research compensation data for both current and potential roles in the market. Compensation professionals must remain informed of compensation data trends and the sources employees, managers and HR business partners are exposed to. This session will explore the emergence of crowd sourced compensation data and the methodologies used by major suppliers of this information. Attendees will be equipped with tools to navigate effectively the introduction of new data sources into conversations around pay equity as well as how to identify sources that should not be used.

Learning Objectives:

• Attendees will learn how to ensure compensation data sources are methodologically sound, credible, and what questions to ask when presented with new data sources.
• Attendees will review case studies of companies who have used crowd sourced compensation data successfully in tandem with traditional sources.     
• Attendees will leave with perspectives on how to address compensation data transparency, how to discuss data sources with employees, recruiters and hiring managers and how to communicate their organization’s compensation philosophy effectively.       

Jeremy G. Spake is a Principal Consultant for Cornerstone OnDemand, Inc. He also worked as an Executive Compensation Consultant for Aon Hewitt Consulting.  He is an adjunct Professor at Empire State College, New York.  He has a Masters of Public Policy & Administration from Georgia State University & Georgia Institute of Technology and a Master of Arts in Anthropology from Georgia State University and a Bachelor of Arts in Philosophy from Oglethorpe University.