Panthera
With Panthera’s employees stationed all over the world, ensuring pay remained in line with other organizations, both nonprofit and private, was challenging.
With Panthera’s employees stationed all over the world, ensuring pay remained in line with other organizations, both nonprofit and private, was challenging.
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According to Itle-Clark, any new compensation solution had to allow the organization to accomplish two key objectives: "We wanted to be able to do a compensation analysis for the entire organization and ensure that there was an approval process and logic behind our salaries during our hiring process."
Itle-Clark and his team were familiar with the traditional salary survey but were reluctant to rely on the static solution for multiple reasons. "With surveys, you’re not getting the information right away. It’s not real-time. Much of our staff are PhD-level scientists, so there’s respect and desire for a data-driven solution. Plus, with surveys, it’s always a process to sort through and then analyze them. We assumed there had to be a better way." Panthera found PayScale, a cloud-based compensation solution with access to fresh pay data, and implemented the solution in just about a month "There’s an art and a science to compensation, but there was no way for us to manage it effectively in-house."