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Salary survey
Compensation Handbook (Berger & Berger)
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
• To assess specific competitiveness for
• specific employees /
• groups /
• whole org
• Understanding practices of competitors’ reward system
• Understanding practices of competitors’ promotional policies
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
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
Compensation survey elements
• Base salary
• Total cash
• Benefits
Use of a peer group
• Relevant and current peer group
• Should be from large sample
• Consistent in size and scope

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Salary Survey.pptx

  • 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