Experience Level Calibration Every company has their own way of defining experience levels and corresponding salaries. Some companies, for example, may associate 'Junior' level with 0-1 years of experience, while others use a 1-3 year range.
While company definitions vary widely, there is one pattern common to all-- the higher the experience level, the higher the pay scale. This simple principle is statistically weighted against tens of thousands of employment engagements allowing PeopleTicker to benchmark and create accurate banding levels for permanent and 'unbanded' temporary and part-time workers.
Natural segmentation After trending almost a decade of employment engagements a natural segmentation emerged between the years of experience and related rate and salary data. We have employed these findings, along with rate and salary limits, into PeopleTicker's unique algorithm to create a clear, universal banding methodology.
Experience Level Banding PeopleTicker uses a total of five experience levels. Experience level banding in the marketplace is defined as a function of Pay rate range (not Bill rate). The banding ranges applied to each experience level are defined below. They are based on real market banding trends gathered from hundred's of thousands of real hires.