Remuneration Benchmarking
Remuneration benchmarking allows you to match positions within your company to similar positions in the market and compare any potential differences in salaries and benefits.
This is important as it helps to ensure you are competitive and assists with staff retention, but also can help to identify areas for cost saving and other benefits as well.
Some benefits include
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Increasing staff retention by ensuring competitive salary and benefits levels.
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Informed benchmarking against your competition.
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Comparison with difference industry sectors.
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Increased accuracy in budgeting for salaries and wages costs.
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Helping to develop standardised salary bands and company remuneration policies.
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Comparison of all components including cash and other benefits.
Hunter Executive Search Consultants provide cost-effective remuneration benchmarking solutions across Australia from our offices in Perth and Sydney, specialising in:
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Mining and Minerals Processing
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Energy, Oil & Gas
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Engineering
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Building and construction
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Manufacturing and Production
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Government, Public Sector and NFP
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Banking and Financial services
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Legal
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Education
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Medical and Health care
We can help your organisation with benchmarking against current rates. Salary recommendations come in a report with an advised salary range and suggested salary packaging for each role.
Whether you have end of year reviews or just want to get more data to increase your staff retention, we are here to help.
Please contact us for pricing and availability