AI Pay Rate is an advanced feature designed to provide data-driven, competitive pay rate suggestions for job postings. By analyzing job details such as title, description, and location, the tool generates tailored pay ranges based on real-time market trends. This ensures accuracy, consistency, and efficiency in setting pay rates.
The AI Pay Rate feature simplifies salary setting by leveraging AI-powered insights, ensuring HR teams and recruiters make informed, competitive pay decisions quickly and efficiently. Adding additional AI features to the ATS platform demonstrates a commitment to building modern technology.
How Does the AI Determine Pay Rates?
Our AI Pay Rate Generator pulls salary data from a variety of open job postings that match your role and location. Essentially, it looks at real-world job listings to estimate a competitive pay range for your position.
A few important things to keep in mind:
- Location Matters – The AI scans job postings in the specified area to generate an estimate. Pay rates can vary significantly by region, so you may see different ranges depending on where the job is based.
- Company Size Can Be a Factor – If you want the AI to consider company size, simply mention it in the first sentence of the Job Description (e.g., “Acme Corp is a company of 500 people.”). This helps the AI provide a more tailored estimate. Tip: Are there other factors you want AI to consider? Add them at the top of your Job Description before you generate the Pay Rate Recommendation. You can remove this information before publishing the job.
- Not All Industries Follow the Same Rules – Some sectors, like utilities or other heavily unionized industries, have pay scales negotiated under labor contracts. These contracts aren't always publicly available, so AI-generated estimates for these jobs may not fully reflect the actual salaries, which are often higher.
- Where Does This Data Come From? – We use OpenAI’s technology to power our AI Pay Rate Generator. OpenAI pulls from a wide range of publicly available sources to generate these estimates.
While this tool provides a helpful benchmark, always consider additional factors like experience, benefits, and internal pay structures when finalizing your job offer.
How to Use the AI Pay Rate Generator
Ensure Required Fields Are Filled
- To make this feature available, make sure you have entered the following job details:
- Job Title
- Job Description
- City and State
- To make this feature available, make sure you have entered the following job details:
Generate the Pay Rate
- Once the required fields are completed, locate the "Generate Pay Rate" button on the Create/Edit Job screen.
- Click the button, and the AI tool will analyze the job details and generate a recommended pay range based on current market trends for your job's geographical location.
- Once the required fields are completed, locate the "Generate Pay Rate" button on the Create/Edit Job screen.
Why Use This Feature?
- Saves Time: Quickly get pay rate insights without manual research.
- Ensures Competitiveness: Align salaries with market trends to attract top talent.
- Data-Driven Decisions: Leverage AI-generated insights to make informed salary choices.
Even if your team has already set a budgeted pay rate, having a clear understanding of industry trends and competitive rates can be incredibly valuable for attracting applicants. Knowing where your rate stands compared to the market helps you strategize—if it’s below average, you may need to invest more in advertising to generate applicant traffic. On the other hand, if your rate is above average, you’ll likely fill the position more quickly.
This tool simplifies salary benchmarking and helps ensure your job postings remain competitive in the hiring market.