Remuneration benchmarking allows our clients to match positions with their organisations to similar positions in the market and compare potential differences in salaries and benefits.
There are a number of benefits to benchmarking market salaries including:
- increasing staff retention by ensuring competitive salaries and benefits,
- increased accuracy in budgeting for salary costs,
- helping to develop standardised bands and remuneration policies, and
- comparison of all components including cash and other benefits.