How to use PerfectWage for wage analysis

Use this workflow to compare your employee pay rates against real-time market data to optimize retention and recruitment strategies.

Before you begin...

• Requires "PerfectWage" subscription.

• Requires "See Wages" permission.

• Note: Contractor wages are excluded from these calculations.

1. Access PerfectWage

1. Select PerfectWage from the left navigation menu (or the dedicated tab if configured).
2. Select Hotel vs Market to analyze a single property or Portfolio vs Market for a group view.
    

2. Review Wage Summary (Hotel Level)

1. Select Hotel vs Market Wage Summary.
2. Review the Market Level column for each position:
   ◦ Above Market: Paying >5% above average.
   ◦ At Market: Paying within +/- 5% of average.
   ◦ Below Market: Paying <5% below average.
   
    
3. Check the Variance % to see exactly how far off your rates are from the local competition.

3. Analyze Retention Risk (Wage Statistics)

1. Select Hotel vs Market Wage Statistics.
2. Compare your Hotel Average Wage against the 75th Percentile (High) and 25th Percentile (Low) ranks.
3. Use this data to determine if a pay increase is necessary to move a position from the "Low" percentile to the median to reduce turnover risk.
    

4. Export Data (Optional)

1. Navigate to the Tools sub-menu.
2. Select Wage Data Export to download a CSV file of the comparisons for further analysis.

The Result Success: You have a clear list of positions where your pay rates are misaligned with the local market, supporting data-driven budget or raise requests.

If this fails...

• Note: If a position shows "Not Enough Information," there are fewer than 5 hotels reporting data for that position in your market, and legal restrictions prevent displaying the data.