Our consultants will determine competitive pay levels for each of your jobs through:
- A review of market rates of pay for each benchmark role.
- The use of salary surveys which obtain unbiased market rates of pay and bonus in order to maximize your competitive advantage.
- Through internal comparisons and market data , the consultant will determine appropriate market pay levels for your unique/non-benchmark jobs.
Other considerations in the market review process:
- Reward Strategies has access to large participant, cross-industry market database.
- Company provided salary survey information is also helpful in order to have access to results.
- A variety of sources for each job will give you the best “fair market value”.
See interview with Ben Murphy and Nicole Schmidt about hiring passive candidates in a competitive environment:https://bit.ly/2MEut93