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PayScale provides accurate, real-time salary data and your company is not required to participate in a lengthy salary survey to get affordable compensation data.

The key steps for collecting and analyzing your data include designing your survey instrument or questionnaire, selecting a sample or population that represents the scope and coverage of your survey, administering the survey or collecting the data ethically and legally, cleaning and organizing the data to eliminate ...

You can purchase market data from a compensation survey company such as Salary.com's Compdata surveys. You can also use HR-reported aggregated market research data. And if you are pricing highly specialized positions, you can compare your internal data with supplemental data sources.

The best salary research sites are Glassdoor, SalaryExpert, Salary.com, Indeed, and the Bureau of Labor Statistics (BLS).

Salary Websites First, start by looking at sites like Salary.com and PayScale. These websites either have you input select information to provide a salary range for your experience, or offer other people's salary ranges who are in the role you're seeking.

Glassdoor salary information is self-reported and not verified, therefore some salaries are likely not correct. The better sources are the U.S. Bureau of Labor Statistics and Payscale.com. Salary details on Glassdoor are more likely to be accurate for larger companies with many reviews versus smaller companies.

A comprehensive set of data ensures a complete understanding of salary rates and trends. A salary survey ensures that the company complies with the law and does not run the risk of fixing prices.