Ensure your pay is competitive to recruit and retain the right people
Pay benchmarking plays a key role in ensuring pay consistency and transparency across your organisation. In order to make informed pay decisions, you need to have the right data and understand how to apply that to your roles.
Picking the salary survey
The first step in the process is picking the right data source. At 3R Strategy, we are independent of survey providers and will consider all the options to recommend a data source that will suit your organisation, size and sector.
Understand your market position
In order to have the best chance of attracting the right talent to your organisation, you need to know what salary you should be offering and how it should progress.
We work closely with you to match your roles, provide detailed data analysis and guide you through the process. Our benchmarking reports will help you understand your market position and give your leaders confidence that their pay decisions are based on market insight.
An ongoing process
Pay benchmarking should be ongoing, rather than a one-off event. We can help you set up your benchmarking process and provide training that will allow your team to manage the process in future. Alternatively, we can continue to support you on an annual basis with survey submissions, job matching and analysis, as required.