Pay Benchmarking

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.

Why work with 3R Strategy?

An extension of your HR team
We don’t just provide high-level strategy, but work as an extension of your HR team to implement and communicate each stage of the project.

Fixed fees

We work on a fixed-fee basis, so you know exactly what you will be spending from the outset.

Flexible and cost-efficient

We operate a remote and flexible working policy, enabling us to deliver agile, high-quality expertise without the price tag of a big consultancy.

A trusted partner

We pride ourselves on creating ethical relationships with our clients and colleagues based on integrity, trust and thought leadership.

Recent Posts

Case Studies

View our 2020 Reward Strategy case studies with details on our project and results

Contact us today for more informations on our reward consulting services.