A salary survey is a tool specifically for remuneration specialists and managers to define a fair and competitive salary for the employees of a company. The survey output is data on the average or median salary for a specific position, taking into consideration the region, industry, company size, etc. Input data is aggregated directly from an employer or employee. The results of the study help remuneration managers to decide on market positioning and inform decisions on salary changes.
Why Conduct a Survey?
• Attracting and retaining competent employees.
• Promoting employee productivity.
• Developing an adequate and acceptable pay structure.
• Recognizing pay trends in the marketplace.
• Defending pay practices in a court of law
• A source of competitive advantage
Talk to us for more information and support in undertaking a study for your organization.
