Market Pricing is the process of collecting external salary data to identify the rate of direct pay and/or total compensation on similar benchmark jobs from other employers in a relevant comparator market.
The State Personnel Office uses a regional comparator market comprised of the eight surrounding states; Arizona, Colorado, Kansas, Nevada, Oklahoma, Texas, Utah and Wyoming. This comparator market was selected based on the following rationale:
- Considers local, regional and/or national labor supply and demand market factors
- Similar jobs, agency functions and funding sources
- Specific focus on supply and demand of various occupations
- Comparability to State Government’s pay and benefits
- Mix of low and high paying states
- Each state government must compete with its own private sector employers
The primary source of salary and benefit data comes from the National Compensation Association of State Governments (NCASG). The State Personnel Office also supplements this data with both public and private in-state and regional data to ensure it has the adequate data available to assist in market pricing decisions.
The State Personnel Office uses external salary market data in determining its pay band structure as well as making recommendations on Alternative Pay Band assignments for specific job classifications.