Benchmark the salaries and benefits you offer
Your salary costs will generally be your largest outlay, so it’s worth investing time in getting your overall approach right. You’ll need to find a happy medium between paying your people fairly and not breaking the bank.
Salary benchmarking helps you make pay-related decisions which will be helpful for hiring, internal promotions, internal salary adjustments and budget planning. You’ll want to consider other reward options too.
How we can help
Whether you need help evaluating your current salaries, establishing new pay scales or creating benefits packages, we can help. We carry out a full salary benchmarking exercise using the latest salary data for your sector. We align it to the roles not just the job titles and look at other factors like location, cost of replacement and depth of specialism.