Salary Surveys / Internal benchmarking
This service can often be a natural extension of our market mapping exercise through our extensive executive search process.
Pay benchmarking is a valuable practice which can save you money and underpin the complete compensation structure. There are many motivations for undertaking pay benchmarking. Perhaps you are struggling to attract or retain talent; manage payroll costs or need to demonstrate a definite link between reward and company goals.
There is often the need for market intelligence as a stand-alone project such as when clients have several internal compliance needs related to remuneration or appraisal – or just the need of a client to know how they compare to the market for internal validation.
Through salary benchmarking and market intelligence activities, we form reports and studies to share our understanding of your chosen sector, which in turn allow your benchmarking exercise real credence.