Dear All,
What is Annual Salary Survey all about? Why it is necessary and how an organization will be benefitted after this survey??
What is the right & efffective way to carry it?
Regards,
Vijay Kumar
From India, Silvassa
7What is Annual Salary Survey all about? Why it is necessary and how an organization will be benefitted after this survey??
What is the right & efffective way to carry it?
Regards,
Vijay Kumar
From India, Silvassa
Dear Vijay,
Greetings!
I would like to connect and discuss your query with you.please share your contact detail or connect with me at
. I would be glad to help you.
Thanks & Regards
Amarpreet Kaur
HR Helpdesk | HR Outsourcing | Human Resource Services
From India, New Delhi
Greetings!
I would like to connect and discuss your query with you.please share your contact detail or connect with me at
Thanks & Regards
Amarpreet Kaur
HR Helpdesk | HR Outsourcing | Human Resource Services
From India, New Delhi
Hi!
An Annual Salary Survey refers to the yearly compensation and benefits study being published by reputable HR consulting organizations, like HayGroup. Hewitt, Towers Watson, W. Mercer, etc.A company can also do their own Salary Survey, but doing it annually may be costly and unnecessary.
Salary surveys show the current compensation and benefits practices in various industries and leading companies that participated in the said survey in a particular locality. The survey report is a critical reference material for bench-marking among business organizations that want to ensure that their compensation & benefits practices are at par or competitive within their industry, market, and country.
Why? because in compensation, there are four (4) basic principles that a company must follow. These are: internal equity, external competitiveness, affordability, and sustainability. The second principle (external competitiveness) compels business organizations to regularly compare their salaries and benefits with that of the market or their competitors for talents. Hence, this matter is very important in reducing a company's turnover rate.
Best regards.
Ed Llarena, Jr.
Managing Partner
Emilla International Consulting Services
From Philippines, Parañaque
An Annual Salary Survey refers to the yearly compensation and benefits study being published by reputable HR consulting organizations, like HayGroup. Hewitt, Towers Watson, W. Mercer, etc.A company can also do their own Salary Survey, but doing it annually may be costly and unnecessary.
Salary surveys show the current compensation and benefits practices in various industries and leading companies that participated in the said survey in a particular locality. The survey report is a critical reference material for bench-marking among business organizations that want to ensure that their compensation & benefits practices are at par or competitive within their industry, market, and country.
Why? because in compensation, there are four (4) basic principles that a company must follow. These are: internal equity, external competitiveness, affordability, and sustainability. The second principle (external competitiveness) compels business organizations to regularly compare their salaries and benefits with that of the market or their competitors for talents. Hence, this matter is very important in reducing a company's turnover rate.
Best regards.
Ed Llarena, Jr.
Managing Partner
Emilla International Consulting Services
From Philippines, Parañaque
Annual compensation survey for unionised workers is being done by employers federation of india (EFI) every year. You may get in touch with them if you want to participate. The advantage is that you know what others are paying, benefits and structures, that enables you to match industry standards.
From India, Mumbai
From India, Mumbai
Dear Senior,
I am working in a software co since oct 2012 and at time of intw my boss told me after six month your salary will be revised so can u suggest me how much can i demand or what percentage will hike on my salary.
thanks.
From India, Mumbai
I am working in a software co since oct 2012 and at time of intw my boss told me after six month your salary will be revised so can u suggest me how much can i demand or what percentage will hike on my salary.
thanks.
From India, Mumbai
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Salary Survey Report.pdf