Make sure your salaries measure up to your talent.
Build a competitive compensation strategy & retain your best talent with our salary benchmarking reports.
Don’t worry, we never share your personal information with anyone!
Real Time Data
Unlike most who do a quick database lookup on historical information, we actively engage with the market on every assignment to gain the most accurate information possible. With an ever-changing employment market, it's vital to gain real-time usable data
Trustworth Sources
We pride ourselves on only offering our clients with the most reliable data. We gather information from over 30,000 businesses across the globe, ensuring our clients can make accurate and informed decisions.
Market Leading Insights
In addition to basic salary insights, our report highlights the total remuneration offered by the competition, allowing you to strategically position yourself ahead of the market.
Bespoke Reporting
Throughout the process, you will be partnered with a dedicated member of our team, ensuring seamless communication and a comprehensive understanding of your requirements, allowing for a report that is bespoke to you.
See what our client's have to say.
What is Salary Benchmarking?
Salary benchmarking, also known as ‘compensation benchmarking’ is an in-depth investigation of the true market value of a given role.
Opposed to a basic salary survey, which will provide average salaries based on only a select few metrics, salary benchmarking delivers far more detail and takes into account a range of factors which have a bearing on an individual’s salary package, including their location, education level, market sector, company size and experience level.
The information gathered in every benchmarking process is bespoke to an individual client’s needs. The idea is that by analysing the market and your competitors, you can identify and establish a reliable set of benchmarks against which you can set your own salary offerings. This will allow you to not only compete for the best talent, but do so without overpaying.
Why do I need salary benchmarking?
An accurate and efficient salary benchmarking service can be highly valuable. It allows hiring managers to make an informed decision based on verifiable and unbiased information.
In order to recruit and retain the most capable individuals in the industry, it’s imperative to ensure they receive a salary package that compensates them for their experience, qualifications and capabilities.
By undervaluing existing employees, you run the risk of losing them to competitors, while offering below market value when recruiting will all but guarantee you missing out on the best available talent.
Due to these challenges, we have found an increased demand for our in-depth salary benchmarking services.
Our salary benchmarking process.
01.
After completing the contact form, a team member will call within 48 hours for a brief conversation to understand your needs and goals. This allows us to build a tailored proposal outlining the process and cost. Alternatively, you can schedule a discovery call at your convenience.
02.
Once you are happy to proceed with the proposal, we will take a detailed brief and agree on the exact parameters you wish to benchmark. This stage of the process is key to ensuring the final data provided is relevant to your needs.
03.
There are many approaches to gathering the necessary information, most of which make use of our extensive network of industry contacts. We use cutting- edge technology to proactively gather all the information highlighted in the briefing phase.
04.
Your bespoke report will be sent to you electronically and any questions regarding the report will be promptly addressed to ensure you fully understand the findings and recommendations.
Frequently asked questions about salary benchmarking.
Yes. Protecting your data is our number one priority. We have put in place tight security measures to make sure that the information you share with us is handled securely and confidentially. We never share your data without your consent.
Yes, we are able to offer global salary benchmarking services. We have access to salary data from multiple countries and industries, enabling us to provide accurate and relevant benchmarks for international businesses.
By ensuring that salaries are competitive, salary benchmarking can significantly increase your employees satisfaction and loyalty. Employees are less likely to seek opportunities elsewhere when they feel valued and fairly compensated.
Yes, in addition to base salary data, we can provide insights into prevailing trends in bonuses, benefits, and other forms of compensation to help you create an attractive compensation package.
Getting started is easy. Give our team a call on 0161 870 5000. One of our consultants will guide you through the process, from initial consultation to final report delivery.
Be competitive. strategic. the best.
To understand your Salary Benchmarking needs better, we recommended scheduling what we call a ‘discovery call’ with one of our consultants.
