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New Weapon
Their latest money maker is a tool that is likely to revolutionize the
relationship between employers and current employees. The Personal
Salary Report, currently priced at an extremely affordable $29.95, is a
fourteen page detailed (and personalized) product that documents in detail that
value of a particular employee's combination of skills, responsibilities,
experience and education. Usable in salary negotiations or job changes, the tool
takes the salary conversation to new levels by giving the employee access to
data that is going to be more substantive than anything most supervisors or
recruiters have in their arsenals. Not only is it a sea change in Industrial
Relations, it is a harbinger of things to come. Given the economic climate, it is pretty easy to forget that the demographics
that drive our industry are immutable forces that lead to inevitable
conclusions. Labor shortages and a rapidly aging workforce will inevitably
create a climate in which the employee has significantly greater control and
influence than we see today. The flattening of information access requirements,
increased availability of information that used to be hidden, the flattening of
organizations, projectization and a general trend towards decentralization all
conspire to create a world in which the employee becomes a proactive participant
with greater leverage in a range of circumstances. With all of the media attention focused on recent layoffs, the fact that the
power of the individual employee is growing rapidly takes a temporary backseat.
Very recently, the only way a "regular joe" could gain access to
competitive salary information was by knowing a compensation analyst and picking
through the discipline's jargon. Even then, it was fairly hard to substantiate
the data with conviction. The Personal
Salary Report, built of compensation analyst's data, changes everything. It was not all that long ago that the only way an employee could conceive of
having real salary control was by joining a guild or trade union. In some
segments pf our economy, this old fashioned model, rooted in the lack of
availability of information, still has relevance. Our take, however, is that
"representation" is on the verge of a whole new meaning. It is much
more likely to be related to individuals and their ability to manage personal
details (like accounting, medicine and legal services) than it is to a
collective that panders to the midsection of the crowd. There is, however, a
meaningful range of similarity between the class of agents who are emerging to
help people optimize the results of data like the Personal
Salary Report. The very few members of our industry who understand that a community is
something other than a specialized resume database are at the cutting edge of
dealing with the newly 'empowered'. A look at the Personal Salary Report
will quickly alert you to the fact that a new level of sophistication and
professionalism are about to enter the salary discussion. Usually, this is an
intimate conversation between boss and subordinate with no clear means of
arbitration if an impasse is reached. The employer's position, primitive in the
extreme, is a form of "love it or leave it". Early on in the
proliferation of the Personal Salary Report, you should expect to see the
development of salary appeals boards that, in the spirit of
"retention", allow an employee to see the boss overruled. That a routine audit of personal salary is now affordable in a form that
withstands scrutiny is an idea with lightning fast uptake. Without advertising
or fanfare, Salary.com has seen unit sales in the 10s or thousands of units in
the first month. This is recurring revenue with the regularity of a personal
physical or a car tuneup. The wonderful thing about their business model is that
their partners are able to share in the good fortune immediately. Hat's off to the Salary.com team for fielding an idea that is liable to lead
our industry into more growth.
Why? Sign up for a FREE demonstration and register to win an AIRS Client Development Training Course. Call 1-866-736-3688 or visit www.sendouts.com to learn more.
© 2013 interbiznet.
All Rights Reserved. Materials written by John Sumser © TwoColorHat. All Rights Reserved.
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