Pay benchmarking |
Interpreting pay data is an art, not a science.
We gather relevant salary information from a range of sources and then carefully apply it to your roles. |
Getting basic pay levels right is crucial if you are to recruit and retain your staff. Using our tried and tested approach, we can provide a robust and objective assessment of the market rate for any (or all) of your roles - from Chief Executive down.
Why benchmarking is importantThe savings made by not paying the going rate for a role can be outweighed by the recruitment and training costs of replacing a valued employee who has been tempted away.
Your employees are more likely to feel that they are being treated fairly if they know that you are regularly using good market data to set pay rates.
Pay benchmarking helps you to set salaries, taking account of the market rate for your organisation's size, operating sector and location.
We've helped clients who:
In our view, benchmarking salaries using internet searches based on job title alone is not sufficiently reliable to be worthwhile. Our benchmarking service is thorough and we take pride in providing accurate results that are tailored to your organisation.
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How we can helpWe can provide you with precise pay data for your roles, giving you a report that shows the market salary. This can be augmented with information on the typical bonus and benefits levels that you can expect.
We start by discussing your organisation and its reward priorities with you. Then, we will use any available job information to work out the size of each role, confirming this with you as necessary.
We take account of role size and external market forces in our advice to make an accurate assessment. As pay benchmarking is about interpreting the available data, we access a wide range of surveys, using our own databases to complete the picture.
We subscribe to the Cendex salary database, which covers over a million UK employees. It enables us to provide a strong picture of pay and bonuses based on your organisation's size and sector, as well as the function and level of your roles.
If appropriate, we can advise on the sourcing of additional survey data that will help to complete the picture for you.
We will then combine all of the data to provide you with a detailed report. This explains our methodology and background research, so you have the evidence that supports our findings.
Find out moreContact us today for a customised quotation.
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Our Salary Check databaseWe have developed a sophisticated database of salary information which we use to assess pay levels that takes account of role sizes and your organisation's profile.
Our Advert Tracker databaseOur unique Advert Tracker database monitors the advertised rates of 40 common roles across the UK. This provides valuable information for benchmarking and indicates trends in market movements - see the example below. We can interrogate the data to match it to your organisation and even add specific roles to the database for you.
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What our clients say
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'We have worked with ERBS for a number of years to ensure the salaries we offer are competitive. This helps us attract the right calibre of candidates during recruitment, as well as paying our employees fairly. The service we receive is professional, informative and timely.'
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'We had a tight timescale for the benchmarking and I appreciated EBRS's flexibility and responsiveness, particularly as we identified new needs as the project developed.'
'I found the benchmarking report helpful and far more relevant than anything we had previously used.'
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