Kamsa's market salary data organically reflects the impact of inflation, cost of labor, and cost of living (e.g., the value of the market demand for each job in a given country/work location).
Therefore, the existing competitive ranges used in Kamsa (which are updated quarterly) will naturally reflect inflation and other market conditions and can be used as a data point to make pay decisions.
Below are talking points you can leverage for leaders and/or employees:
When making pay decisions, managers/leaders factor in various data points, including market compensation data, performance, employees’ experience/skill set, and budget.
The market compensation data that we leverage:
Reflects actual employee data aggregated across companies similar to us (i.e., in growth and size); it matches the pool of talent in which we’d recruit from.
The data organically factors in not only market trends, but things like cost of labor, cost of living, inflation, as well as what other similar companies are paying employees.