TexasCompensation.com™ is powered by WageAccess®, an Internet-based multi-industry salary and benefits survey that provides employers with the current and accurate compensation information needed to attract and retain quality employees. The survey allows competitors to share current wage information with each other while maintaining complete participant confidentiality.
WageAccess® is a genuine salary survey which provides real-time survey results using data from real organizations. Data is collected directly from participating organizations and compiled only for WageAccess® survey usage. WageAccess® survey data is NOT purchased from other survey companies and economic factors are NOT used to produce localized results.
The survey provides employers with the current and accurate compensation information needed to make critical wage-related decisions.
Finally, there's a wage survey that delivers the results you've been looking for...
...the way surveys should be done.
The survey contains over 900 benchmark positions grouped in 28 functional areas. Each position includes a detailed job description to ensure a comparable match is made during the survey data entry process.
The survey results provide a comprehensive set of descriptive statistics, compensation analysis tools and salary trends. Survey results are calculated and displayed as mean, weighted mean, median, average low and average high rates of pay. The results also include summary statistics on a number of useful job parameters such as supervisory and union status, as well as average compensation for bonuses, commissions, tips and total compensation
The innovative WageAccess® Internet-based reporting feature allows users to create customized reports from current or historical survey data. Users may select and filter results by using any combination of the following criteria:
The survey provides participants with the opportunity to run a personalized quartile analysis against selected or filtered survey results. Participants receive percentile calculations for the 10th, 25th, 50th, 75th and 90th percentile for both base pay and total compensation results, and obtain a detailed report of their organization's wage-level percentile ranking against comparable organizations in the selected job market.
The market analysis tools provide participants with the ability to run a customized pay practices report and analysis of formal pay grade data collected through the survey. These results include a compa-ratio calculation and offer users a direct comparison of their own pay grade start rates and rate ranges to the pay grade levels reported in the survey results.
WageAccess® also includes a comprehensive benefits survey that provides an extensive variety of survey results and trends for health and welfare, retirement, and fringe benefits, and allows users to select and filter benefits results by geographic area, industry, number of employees or organization annual revenue.
The survey provides a summary report on trends in turnover, general increases, merit increases and pay grade level movement, and allows users to select and filter benefits results by geographic area, industry, number of employees or organization annual revenue.
Survey participants may contribute data to the survey at any time during the year. All data is confidentially entered on-line through the WageAccess® web site. Upon completion of their survey, participants may immediately access survey results comprised of data collected in previous quarters of the survey.
Survey data is compiled at the end of each calendar quarter and combined with data collected in previous quarters for calculation of annualized results. An aging factor is applied to all previously collected data to adjust for the movement of salaries through the year. This aging process provides users with a much more accurate representation of current pay levels than that provided by conventional paper surveys.
Since survey data is collected year-round and previously collected data is appropriately aged, survey results are always current.
All survey participants are required to provide actual pay information in addition to salary grade ranges. This allows for an accurate and detailed picture of current wage levels for each local job market. Estimates are not acceptable.
To assure the validity of the survey results, participants are encouraged to review the job descriptions and provide survey data for only those positions that match their own with at least 75% accuracy.
Publicly available salary data provided by various Federal, state and local government agencies may be included in selected results to ensure a well-rounded representation of market rates. Any publicly available data is collected directly from the agency, is current and has been audited to ensure accuracy and validity.
At the close of each quarterly collection period, an extensive review and audit of the raw survey data is conducted to ensure its accuracy and consistency. At the completion of the review and audit process, the results are made available for viewing on the web site.
Organizations can participate in the survey by clicking on the Sign-Up Now link at the top of the page and providing some basic information. Participants will then receive an email containing a login ID and password to get started with the survey.
All survey data entry can be completed at any computer with access to the Internet. The survey does not need to be completed in one session; survey data entry is designed to allow participants to start, stop and restart the process without losing previously entered data. Further, participants are able to view WageAccess® survey results when and how they want them, anywhere they have access to the Internet.
Participants can be assured that the survey results are reported while maintaining complete confidentiality.
Individual participant data is never displayed as part of the survey results nor is raw survey data transmitted over the Internet during the reporting process.
The WageAccess® Internet web servers, databases and networks are designed to provide the reliability, performance and security necessary to ensure that the transmission of your sensitive and confidential compensation data is protected.
TexasCompensation.com™ is a service of Synergy Management Solutions, Incorporated Synergy is committed to providing a quality survey results that can be relied on, year after year. You will find that our attention to detail and data quality is unparalleled in the industry.
Please feel free to browse through the web site and learn more about WageAccess® and the invaluable information the service provides.
You are encouraged to view one or more of the demonstrations of the survey capability by clicking on the Demo link at the top of this page. The demonstrations will lead you through the process of entering salary information into the database and allow you to retrieve fictional survey data using the survey results.
For more information, please contact our Customer Service Department by email at firstname.lastname@example.org or by telephone at (866) 926-9400.