HR Talk
+7 499 110-10-95

BENCHMARKING.

The process of comparing and analyzing performance where the best market performance, whether it be a product, service or business procedure, is used as a benchmark.

TARGETED SALARY SURVEY

An indispensable tool for comparing compensation policies and levels of tangible and intangible rewards for key employees across regions, industries, functions and position levels.
Request a consultation →

WHY WE NEED SALARY SURVEYS

Evaluate and compare your compensation policy with competitors' policies

The review allows the company to understand how its pay system compares to what other players in the market are offering. This includes not only salary levels, but also fringe benefits and bonuses. Understanding whether you offer a competitive package will help you make decisions about possible adjustments to retain employees and attract new ones.

Develop and implement an optimal personnel policy

The information gained from the review can be used to shape or adjust human resources policies, including motivation, career development and training systems. This helps to create an environment in which employees feel valued and motivated to work for the benefit of the company.

Targeted and optimal planning of FOT (labor remuneration fund)

Based on data on market wage rates, a company can more accurately plan its labor budget, anticipate necessary changes and allocate resources in accordance with strategic goals. This allows avoiding unnecessary expenses and optimizing the use of payroll.

Prevent the most valuable staff from leaving

If your company's wages and compensation are below market standards, top employees may start looking for other opportunities. A review helps you identify such risks and take steps to improve working conditions to retain key employees.

Attract qualified employees to the company

Companies that offer an attractive compensation package have a better chance of attracting talent. A salary survey gives you an idea of what you need to offer potential employees to make them choose your company over your competitors.

Request a benchmarking consultation at

WHAT THE REVIEW INCLUDES

Information collection methods
Description of benefits and compensation packages
Brief characteristics of the reference group companies
Description of long-term (more than a year) management remuneration systems in place
Description of a typical remuneration structure by position level
Levels of fixed and short-term (up to one year) variable remuneration for each position

WHERE WE GET OUR INFORMATION

Questionnaire for reference group participants
We develop and distribute questionnaires to employees of different companies that are part of a reference group. This group may include organizations in the same industry, in the same region or with similar characteristics. The purpose of the questionnaire is to obtain data directly from employees about their salaries, benefits, bonuses and other compensation.
Studying official reports, statistics and media data
Official company reports (such as annual reports), statistical data from government agencies (such as employment and wage statistics) and media publications provide objective information on labor market conditions, income levels and trends in various industries.
We conduct direct surveys of organizational leaders using our own network of contacts
Consultants reach out to company executives through their professional network to conduct surveys and interviews. This approach provides information on compensation packages for executive and key positions, as well as insight into companies' compensation strategies and plans.
Conduct expert analysis of the data
After collecting all the necessary data, a team of analysts and experts conducts a comprehensive analysis of the data. This includes checking the reliability of the information, systematizing and interpreting it. Experts use their experience and knowledge to identify key patterns, draw conclusions and develop recommendations for the client.
Using an internal database
We have extensive accumulated databases containing salary information from previous studies and projects. These databases are updated and can serve as a reliable source for analyzing current trends and dynamics of changes in remuneration.

HOW WE WORK

Focusing on the main objective and purpose of the study
Preparing information on the agreed reference group
We work quickly and efficiently. A standard review of executive compensation levels takes an average of 4 weeks to complete
Confidentiality. Straightforward employee compensation data that will never fall into the hands of third parties
We rely on the information you are interested in. In case of interest, we add additional data to the report

PROJECT EXAMPLES

A major mining company

Review of CEO compensation levels, CEO-1,2,3,4

Large logistics company

Review of CEO remuneration levels, CEO-1,2,3

Top 20 Bank

Overview of employee remuneration levels for several CIS countries

Consulting company TOP-4

Industry review of employee compensation for the strategy consulting department

Industry Consulting Company

Industry overview of employee compensation in consulting companies

Large Agroholding

Review of remuneration of top and middle management employees

TEAM

Ilya Klimov
Practice Leader

Anatoly CHERNETSOV
Lead Analyst

Request a consultation

Keep up to date with the latest HR news 

Announcements of new products and solutions, exclusive job openings and current trends are in your inbox every week.
© 2023 - All rights reserved