"I run a tax firm that also has a business appraisal department (I have a total of 15 employees). As a company, we have always been aware of the need for reasonable compensation data and have used various sources including ERI and Salary.com. The reason I chose RC Reports was the comprehensive way the compensation studies are constructed. The other compensation study companies give a pay range for the position, but RC allocates based upon actual duties of the officer and the quality of operations and management.
From an audit or litigation support perspective, this is a more defensible position. Over the years I’ve performed this approach manually by running numerous studies for various job descriptions for the officer and then allocating. This is time consuming and not as concise as your platform. I believe the new tax laws are going to increase the need for formalized salary studies to keep CPAs and our customers out of trouble. Because your approach mirrors mine with less effort it was a pretty easy decision." M.F. CPA - West Linn OR