Are you Paying Enough to Attract and Retain Top Talent?

For companies to be able to attract and retain the best talent,?it is crucial to ensure compensation remains competitive and in line with industry standards.

This is not only important when hiring new employees, but?salaries should be regularly reviewed to avoid excessive employee turnover.?Feeling underpaid is often citied as the number one reason for resignations.?

Salary benchmarking is a popular tool used by HR professionals to offer insight into what competitors pay employees in similar positions.

Salary benchmarking is not a straightforward exercise. There are?many things to consider?when you benchmark a role including internal and external factors.

What is the role responsible for: assessing work quality, doing performance reviews, hiring, promotions, terminating and also who this role reports to is something to weigh in.?

You may also want to consider if the role handles certain budgets for the company, and if the role has a direct impact on your sales, how you tie in revenue to a commission-based approach.

Find out what our FREE tried and tested methods are.

Click here to read our Complete Guide to Salary Benchmarking