Dear Forum members,
My company is in the process of carrying out the compensation benchmarking of at least 30-40 staff to find out the difference between our pay and market standards, if any. We would like this to be done by agencies and professionals; however, before that, we would like to segregate them by roles/designations, experience, and salary levels.
Please share any formats in which we can collate our staff data to give it to agencies. This time we want to do it in a more professional and advanced manner.
Your help shall be greatly appreciated.
From India, Delhi
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7My company is in the process of carrying out the compensation benchmarking of at least 30-40 staff to find out the difference between our pay and market standards, if any. We would like this to be done by agencies and professionals; however, before that, we would like to segregate them by roles/designations, experience, and salary levels.
Please share any formats in which we can collate our staff data to give it to agencies. This time we want to do it in a more professional and advanced manner.
Your help shall be greatly appreciated.
From India, Delhi
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Dear Seniors, There has been views but no comments. Please share any formats if you have it available.
From India, Delhi
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From India, Delhi
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Dear Manu,
If you are conducting a salary benchmarking exercise with the help of external agencies/professionals (which I assume are consulting firms), the appointed agency will need to inform you about their required formats. The more established agencies may even provide you with a template to use. Please check with the agency for further details.
Regards,
Autumn Jane
From Singapore, Singapore
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If you are conducting a salary benchmarking exercise with the help of external agencies/professionals (which I assume are consulting firms), the appointed agency will need to inform you about their required formats. The more established agencies may even provide you with a template to use. Please check with the agency for further details.
Regards,
Autumn Jane
From Singapore, Singapore
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Dear Autumn, Thanks thats a perfect point. I am also searching for sample formats available so that we can ask the agencies to add those points which might be missing from their formats.
From India, Delhi
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From India, Delhi
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Dear Manu,
The templates provided by the agencies, although generic, should already capture at least 70% to 80% of the job essence. Using these templates as your base documents, you start by deleting what's not relevant to your organization and adding those that are required by your organization. Remember to work with respective departmental heads as they would know better the job requirements, including experience. This approach is more cost- and time-effective.
Regards,
Autumn Jane
From Singapore, Singapore
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The templates provided by the agencies, although generic, should already capture at least 70% to 80% of the job essence. Using these templates as your base documents, you start by deleting what's not relevant to your organization and adding those that are required by your organization. Remember to work with respective departmental heads as they would know better the job requirements, including experience. This approach is more cost- and time-effective.
Regards,
Autumn Jane
From Singapore, Singapore
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