Hi, I'm Ben Eubanks, chief research officer at lighthouse research and advisory. And I'm gonna take a minute or two and talk to you about some brand new research, which just completed and are just about ready to share around compensation, data, and technology. This is one of our big studies this year that I've been so excited about, not just because I love data and I love numbers.
Right? I'm a researcher. But also because I love the paths that this eliminates for us and tells us what's happening more broadly in the industry. It's really an exciting time and exciting sort of set of changes around us. And so let's dive into this and talk about a couple of these really quickly and understand what's happening, what's changing and what you need to know.
So if you are in the business of, of looking at compensation, looking at the technology you're using around that, understanding how salary structures are created, all those kinds of thing. We've got three big headlines in our data, by the way, it's covers hundreds and hundreds and hundreds of employees.
This is not a survey sample size of six. This is the survey sample size of hundreds of employers across SMB and up into enterprise representing every industry companies across the world. And so this is a great set of data to help us understand what's going on. So, number one, the big thing that we saw there that surprised us, honestly, I'll be very transparent.
It surprised me because we had such a big. More companies than ever before in our measurement periods, looking at evaluating and purchasing compensation, technology copies, or management software, it helps them to evaluate, uh, pay rates to set up a market values for pay to make sure they're there. Doing pay equity, right?
Those kinds of things. This isn't about payroll. This is about managing compensation as a strategic initiative. So we saw more companies moving away from the spreadsheet model or the, you know, we can get by with whatever we've hacked together, internally model, and more than looking at actually using, using things like data to help them tell their story and using these technologists.
The second thing we saw was more than using more types of data as well. So it wasn't just, we need the tools. We also need some data alongside it, so we make sure we're making the right decisions. We make sure we're making fair and accurate decisions when it comes to compensation. One of the second things that we saw that really surprised me, More mature buyers.
The buyers out there are making more mature decisions because they're thinking about things or are listed early. They're not just jumping into something. They're actually looking at how the technologies work. You're looking at these other factors and they're making decisions to ensure that this isn't just a, a talent practice that they're solving for.
This is leading to business impact. And the last thing that we saw that again, surprise me. It's my job to do research as my job to understand what's happening. Well, the things surprised me. Is there more. Than we've ever seen before. So what does that mean? Well, in the data, we saw that out of every company we measured, one out of two companies are actually looking at evaluating a new provider.
They're looking at a new company, a new solution when it comes down to it, like why that is what things are driving, that there was one clear thing that jumped all the way, the top and the data that really stands out. And that was sir. Which is strange. I was talking to technology and data and all those things.