First things first, let’s get familiar with salary benchmarking… With a wealth of free information at their fingertips, employees are more informed than ever about market rates of pay for their roles. Having market ...Read More
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 a legal requirement. So in the next couple of ...Read More
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 as Glassdoor Put together by recruitment agencies using advertised ...Read More
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 and new hires, salary surveys provide the basis ...Read More
In this article, we discuss why salary benchmarking and equal pay for equal work are more important than ever in the time of coronavirus. According to the latest report from the ...Read More
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 their teammates and everyone else to see. ...Read More
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 scheme describes recipients of this benefit as ...Read More
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. Many organisations simply accept high employee turnover ...Read More
Reward Director Rameez Kaleem offers reward advice to businesses in this post about salary benchmarking. Reward advice is useful, but having market intelligence as well as a good understanding of where your organisation sits in ...Read More