Apr 4, 2022
Indeed Response
4yThank you for writing us a review! We're are incredibly pleased to read that you enjoy a healthy work-life balance.
On compensation, Indeed makes data driven decisions and therefore relies on many sources of information to determine the range of wages of our employees with ongoing updates. For context, ~85% of our ranges have been updated in the last 12 months and all ranges in the last 24 months to reflect market movement.
Our main sources of information are salary surveys which provide anonymous market data from companies similar to Indeed and those that we compete with for talent and incumbent information which reflects our internal compensation philosophy, our experience hiring and retaining thousands of employees globally. We also rely on feedback from our global recruiters on salary ranges for hires in the market, employees leaving Indeed for other opportunities and external consultants who assess our data from an independent and unbiased standpoint.
In addition, careful attention is given to an employee's position within their respective salary range and performance in the specific role that they hold. Based on these as well as the abovementioned factors, salary determinations are made to ensure we are paying competitively for one’s current role or role at time of promotion.