See Where Your Business Ranks for Free
September 2, 2020
Attract the Best and Brightest Talent with the Compensation Index
If you haven’t already started the Compensation Index, it’s not too late! Whether you’ve had to make adjustments to your employees’ compensation during the pandemic or you’re in the market to hire new faces because your business is booming, be sure to complete the survey for ALTA’s Title & Settlement Services Industry Compensation Index.
Filling out the Compensation Index allows you to easily examine the full value of your compensation packages and compare your business to the competition. It can compare salary rates for existing positions and assist you in analyzing the current market for new roles. The Compensation Index provides results showing the 25th percentile, median and 75th percentile of responses – as well as where your company falls – in easy-to-read graphs. A minimum of five data points must meet the filter requirement for results to display.
Companies that have completed 100% of the required questions for the Compensation Index can access the national aggregate results for free. Results for 2018 are available immediately; results for 2019 will be available later this year.
We know the data you’re providing is sensitive, and your privacy is important to us. All company data is collected through a secure third party, and individual data will be kept confidential.
New for the Compensation Index:
- Participants in the 2018 data collection have the option to copy data on a page-by-page basis so you don’t need to rekey all of the data for 2019. Once copied, you can simply tweak any information as necessary.
- You also now have the option to filter results and compare your business to similarly sized companies. Filter by number of employees, revenue and/or surrounding population.
“This will help us be competitive in attracting the best and brightest candidates for positions in our company,” said Frank Pellegrini, president and CEO of Prairie Title in Illinois. The information the Compensation Index provides “will help groom future leaders in our businesses and in our industry. There is no substitute for reliable information.”
Other FAQs:
- Who can enter data? The primary contact or a designated individual can complete the Compensation Index on behalf of each company location.
- Who can review the results? Because of the highly sensitive nature of the data contained in the survey, full access to the Compensation Index is restricted to a location’s primary contact and/or the designated individual.
- What data will I need to enter?
- Company demographics by location (state, revenue, staffing numbers, expenses, etc.)
- Compensation data by position (rates, bonuses, hours worked, etc.)
- Information on the benefits packages your company offers
If this sounds complicated, don’t worry: We created a step-by-step guide to help you navigate the Compensation Index. You also can download the full set of questions included in the Compensation Index to help you prepare.
Contact ALTA at 202-296-3671 or communications@alta.org.