The People TickerTM industry index is a measure of national average
rates or salaries for specific industries. These indexes are numeric
gauges of broad job market performance. A single index is used to
represent the relative value of a group of skill sets.
In the employment world, industry indexes can be used when referring to values for a segment of the employment market. Industry indexes provide a simple, effective means to inform employers of the general direction of the job market, specific to an industry on any given day.
Click the Information Technology link for more details.
WHAT IS AN INDUSTRY INDEX
- BLS Releases Job Growth Projections
- The 30 occupations with the largest projected job growth between 2006 and 2016 will account for over half of all new jobs. Those 30 occupations are projected to add 8.1 million jobs.
|
|
|
WHAT DOES THIS MEAN EXACTLY
Unlike any other compensation analysis tool, The People TickerTM
updates each index as new market data becomes available. Similar to a
stock ticker, the dynamic nature of the index is to provide a real-time
view of market fluctuations in the form of a value.
The People TickerTM
Industry Indexes allow employers to develop a real-time bill rate and
salary strategy to align with organizational staffing and recruitment
policies. The People Ticker's flexibility allows users to define and
track rate structures using real time market data. In addition, The
People TickerTM aids in providing control to ensure a
company's staffing resources stay within pre-defined ranges.
