Salary Surveys: The Key to Effective Salary Benchmarking in the UK
It’s common to wonder if we're paying our employees enough or if we're competitive in the job market. Not only is this important for attraction and retention, ...Read More
Executive Benchmarking in Practice: Our Experiences
A few years ago, 3R Strategy ran an employee survey for a client organisation. We asked people what their role was in the company and if ...Read More
Considerations When Benchmarking Executive Salaries
It’s unlikely that benchmarking executive salaries in your organisation will follow the same process as the rest of your employee population. The responsibilities and scope of ...Read More
What is Salary Benchmarking? From Why to How
What is salary benchmarking, and why is it so important? With a wealth of free information at their fingertips, employees are more informed than ever about market rates ...Read More
Should Location Influence Salary Benchmarking?
Transparent pay practices are gaining momentum, especially salary benchmarking. So much so that the EU and a number of US states are even making it ...Read More
Medians, Quartiles, Deciles: What Does It All Mean?
Recruitment surveys and other types of free data allow organisations to perform salary benchmarking. They are usually either: Self-reported information submitted by individuals to websites such ...Read More
How to Choose a Salary Survey: What to Look For
Salary surveys provide benchmark information on rates of pay that organisations can use to measure their compensation packages against the external market. Applicable to both current employees ...Read More
Salary Benchmarking in the Time of Coronavirus
In this article, we discuss why salary benchmarking and equal pay for equal work are more important than ever in the time of coronavirus. ...Read More
What Can Football Teach Us About Pay Transparency?
There’s a lot that we can learn from professional football when it comes to pay transparency. Footballers expect to have their salaries published online—and by the press—for ...Read More
Coronavirus: Summary And Reward Implications
Who can use the Coronavirus job retention scheme? All businesses are eligible. However, the scheme is specifically stated to benefit employees “who would otherwise have been laid off”. The ...Read More
4 ways salary benchmarking can help your talent retention strategy
Salary benchmarking is a vital component of a talent retention strategy, but often retaining talent is ignored by the c-suite until it becomes an insurmountable business challenge. ...Read More
Reward Advice: Why Benchmark Salaries?
Reward Director Rameez Kaleem offers reward advice to businesses by answering the question: why benchmark salaries? Reward advice is useful, but having market intelligence as well as a ...Read More