Salary Benchmarking
Turning Point offer comprehensive salary benchmarking & pay review services at both senior executive and operational levels. Critical to attracting and retaining the best talent is the knowledge of where the market is in respect of your key roles. 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. Also to what level you want the data to be delivered.
Once we know who you are, working together we can suggest relevant comparator groups with whom to benchmark. We can do this across local, regional, national and international jurisdictions.
We offer two salary benchmarking services.
- Our online ORBIT Pro© benchmarking software enables you to access global salary and benefits data
- 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.
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 – Salary Benchmarking that truly reflects your organisational requirements.
Contact us here for a demonstration
