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Information Center:
DBCompensation™ FAQ
- Why purchase and implement DBCompensation?
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- It costs three times more to recruit and train a new employee than it does to retain and develop an existing employee.
- Salary creep represents between 10% and 15% of a company's total payroll.
- HR administration costs can be reduced by 20% with effective compensation management systems.
- Increased compensation management productivity of HR staff by 3 to 4 times based on real-life experiences of the Johanson Group Consultants.
- While companies spend 50-70% on total labor expenses, on average they spend less than 1% of revenue on HR operations.
- Who should buy DBCompensation?
- The DBCompensation system is recommended for any company with more than 200 employees. Companies currently using DBCompensation include financial institutions, medical clinics, higher education institutions, public school systems, city and county governments, manufacturing firms, service organizations, and many more.
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- Why DBCompensation over other point-factor job rating systems?
- With fifteen factors and a proven weighted job value system, DBCompensation is the most objective and comprehensive job rating program available for use by HR and compensation professionals.
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- How long has DBCompensation been in use?
- The DBCompensation methodology was developed in 1985 and the software was developed in 2001. Over 5,000 jobs have been rated by the DBCompensation point-factor rating system.
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- How does DBCompensation acquire market data for use in its methodology?
- DBSquared identifies similar organizations and market area published salary studies as defined by the DBCompensation client. This is a separate fee for service that is discounted for DBCompensation clients.
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- How do I get DBCompensation support?
- DBCompensation support is available at (479) 587-0151 Monday through Friday from 8 a.m. to 5 p.m. CT.
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Learn about our flagship product!
Call us at 479-587-0151 or email DBSquared to request an online demonstration of DBCompensation. We will contact you within 24 hours to register you for one of our upcoming demonstrations.
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