Salary Benchmarking

Critical to attracting and retaining the best is the knowledge of where the market is in respect of your key roles. Turning Point are able to offer a comprehensive external benchmarking service at both senior executive and operational levels. It is not enough to ‘best guess’ the suitability of comparator groups and ‘similar roles’ therefore a thorough market review must be completed.

The TPHR approach

Our approach is to first of all to understand the organisation in terms of size, geographical reach, markets and short/medium/long term strategy. We will analyse the job content of the posts that require benchmarking in order to gain comprehensive understanding of the roles.  We will talk with you to assess which benefits you require to be benchmarked and to what level you want the data to be delivered.

Once we know who you are, we are then able, working with you, to suggest relevant comparator groups with whom to benchmark across local, regional, national and international jurisdictions.

 

We offer three benchmarking services.

  1. Our online ORBIT benchmarking software enables you to access global salary and benefits data
  2. For those clients seeking a quick indication of where the more common roles in their organisation sit against the market, we produce annual sector specific salary benchmark surveys. To find out more about our sector specific salary surveys click here
  3. For those clients seeking a tailored benchmarking service for their key roles we offer a bespoke benchmarking service; details of which can be found below.

Ensuring you know market rates for job roles

Our bespoke benchmarking service includes:

  • UK & International
  • Comparator Group Analysis
  • Role Analysis
  • Benchmarking Questionnaire Design
  • On-line Collation of Data
  • Full comparison of roles using Total Pay information including base and specified benefits
  • Market Comparison Reports
  • One off Job Pricing
  • Pay Modelling and Recommendations

Our bespoke benchmarking is tailored to your needs whether you want to look at comparing salaries locally, regionally, nationally or internationally.  Our team will work with you to select right the comparators for your company, by sector, size or location.  We do not use job titles but rather we take your job descriptions to give you a perfect match for benchmarking your salaries.

Turning Point HR Solutions Ltd- Benchmarking that truly reflects your organisational requirements.