presentation on salary

1. Salary survey
Compensation Handbook (Berger & Berger)

2. Why to benchmark?
• “Pay the right people the right amount for doing the right things”
• Pay not to be too high or too low
• Provides valuable insights on
• compensation practices,
• performance measures,
• performance results,
• benefits plan design,
• Compensation guidelines

3. • To assess specific competitiveness for
• specific employees /
• groups /
• whole org
• Understanding practices of competitors’ reward system
• Understanding practices of competitors’ promotional policies

4. Types of survey
• Government survey
• Subscription survey
• Custom survey
• Online self reported survey
• Practices survey – how do they compensate
• Pulse / flash survey
• Job matching / JD matching

5. Survey data sample
• You are running a family-owned agri-business in a rural part of
Odisha, with 50 to 100 employees.
• To decide the pay level, whom will you survey?
• Company size
• Geographic area
• Industry specific
• Company type
• Date of the survey

6. Compensation survey elements
• Base salary
• Total cash
• Benefits

7. Use of a peer group
• Relevant and current peer group
• Should be from large sample
• Consistent in size and scope