Salary Surveys are tools used to determine the median or average compensation paid to employees in one or more jobs.
Compensation data, collected from several employers, is analyzed to develop an understanding of the amount of compensation paid.
Surveys may focus on one or more job titles, geographic regions, employer size,and or industries.
Salary surveys may be conducted by employer associations(e.g., SHRM), survey vendors, or by individual employers.
Survey data is often time sensitive and may become out-of-date quickly. Because of the time sensitive information,
surveys are often identified by by the year or quarter in which the data was collected.
The purpose of salary surveys provide a means for comparison of salaries at the company
Surveys gather and summarize compensation information and provide a means for comparison of salaries at the company.Salary Surveys are analyses of compensation data.
This data may include quantifiable aspects of compensation such as:
- Base salaries
- Allowances and Benefits
- Working Hours
- Labour code updates
- Increase percentages or amounts
- Merit Increases
- Salary Ranges
- Starting Salary
Salary Surveys may also include non-quantifiable aspects of compensation such depending on location, condition of work place.
Our team can set up a compatible, professional salary survey with specific requirements of your company.