Salary Benchmarking
Staying competitive is fundamental to designing your pay and benefits package. However, salary benchmarking your deal in comparison with other organisations can be a time-consuming and difficult process.
As experts in reward consulting, Innecto can take care of the entire salary benchmarking process for you. We support all the steps from sourcing and managing the salary benchmarking survey, to providing data cleaning and full analysis, culminating in presentation of our findings in a clear and understandable fashion.
As independent consultants, we source surveys from hand-picked specialist survey providers. Our sound market knowledge means we’re able to offer you expert advice on the right survey for you – by sector or function.
For specialist or difficult to benchmark roles, we conduct club surveys across a variety of sectors and groups of employees. Whatever your benchmarking requirements, Innecto has the expertise to help you.
Setting the correct levels of executive compensation for senior managers, executives and Directors is currently a high profile and emotive issue. Whilst the same principles of good practice apply, a greater deal of subjectivity and judgment is required in matching roles, deciding upon comparator organisations, and choosing/weighting suitable surveys. Replacing a key senior manager who has left to obtain a pay rise can cost an organisation dearly. Innecto’s consultative approach to executive/Directors pay benchmarking will give you the information you need to make informed decisions around setting levels of base pay, total cash and benefits at this vital level within the organisation.
Talk to us
For further information about Innecto’s salary benchmarking services, please contact us or call us now on 0207 268 3664.
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