Compensation Benchmarking Tools for Salary Planning

With LaborIQ’s compensation benchmarking tools, HR and talent acquisition teams get access to accurate compensation recommendations for annual budget planning, off-cycle salary adjustments, and pay equity analyses, plus advanced compensation forecasting based on labor market movement. The entire database is updated monthly.

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LaborIQ Compensation Planning Software

Employee Turnover a Concern? 

Proactive pay benchmarking for personnel payroll expense against current market rates allows proactive planning and peace of mind.
 
Our compensation planning software ensures you stay prepared for all salary planning and pay decisions. Gain precise insights into competitive pay rates tailored to your industry and the current labor market. 

Upload your employees to complete a compensation analysis in just a few clicks. 

 

 

Compensation Forecasting and Benchmarks 

35% of your employees are looking for higher pay.

LaborIQ provides current, market-competitive salary benchmarking for 20,000+ jobs to help you see current compensation expectations, identify pay gaps, and take action.

Compare a job

Get employee-specific salary recommendations to determine turnover risks.

Turnover risks

Utilize forward-looking pay data for next year's headcount budgets.

Plan for the future

Determine what to pay during off-cycle salary adjustments, whether it's for promotions or counter offers.

Stay Competitive with Compensation Planning Software

Utilize the latest compensation analytics and accurate salary forecasts based on trillions of market-relevant data points. Identify pay gaps and increase employee retention using our salary recommendations and benchmarking.

Salaries are updated monthly and validated against 8.6 million pay stubs across 400,000 U.S. companies, ensuring accuracy at every job level.

Market Price Employee Salaries

Ready to gain peace of mind with your compensation planning strategy? Put the industry’s most comprehensive compensation benchmarking software and data to work for your company or your clients. Take a product tour and schedule a demo to see what LaborIQ can do for you.

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What Clients are Saying

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The market reports and Salary Answers are very helpful to our clients. We work with all different industries so the additional feature narrowing down by industry has been very helpful.
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LaborIQ has enhanced my clients’ hiring strategies now that we can get the data behind what drives salary demands, and how pay ranges will change in the future. We identified where they could have overpaid for talent, saving overhead costs in the long run.
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With LaborIQ’s salary recommendations and metro analysis, I was able to identify new markets for talent acquisition and instill confidence in one of our hiring managers that we would be able to staff her team successfully with top talent. And, we know we can keep talent after discovering through LaborIQ that we are a top-paying employer.
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LaborIQ has set us apart from other recruiting companies. We are able to look at market forecasts by location and industry, which helps determine growth and expansion areas for our business. With LaborIQ Salary Answers, we're able to provide our clients accurate, market-driven salary information to help them budget for current and future positions.
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We were in dire need of salary answers that were accurate and reliable. This application has been a lifesaver for our company because now we can get those answers and more, (e.g. supply & demand, future salary forecasting, and benchmarking). We have the upmost confidence in the recommended salary ranges because the reports can be drilled down to our company size, industry, and revenue. We never have to worry about being competitive within our market again!
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Make Compensation Your Competitive Advantage

Fresh resources for compensation benchmarking and reducing employee turnover