Benchmarking salaries is a useful tool for every business and not just when you are recruiting. Making sure you are paying market rate is becoming increasingly important in helping to ensure that your business keeps the talent you already have.
Salary Benchmarking provides you with useful information which can be used for:
Recruitment – What does ‘the market’ pay for this kind of position?
Retention – Are our salaries still competitive?
Review – Are our policies & practices still in line with the chosen market level?
Benchmarking salaries can involve many different factors such as job function (e.g. Finance, HR, Purchasing), geographical area (e.g. North West, London), industry or sector. The process allows you to compare what you pay, along with your remuneration policies and practices, to similar companies with whom you compete for talent.
We are able to search our networks to produce detailed results which can be presented in a number of ways to suit your needs.