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AUTHOR: Sheila Attwood
Comparing reward packages against competitors' offerings is almost universal among the organisations responding to our survey. We look at how it is done and share tips for success.
On this page:
Use of market-linked pay
Chart 1: Reasons for using market-pay comparisons
Chart 2: Elements of reward package compared against market
Market-pay information sources
Analysing market-pay data
Chart 3: Factors taken into account when benchmarking pay
Frequency of pay benchmarking
Where to pitch against the market
Chart 4: How organisations want their pay to relate to market levels
Market-linked pay rises
Problems with market-linked pay
Table 1: Market-comparison aims
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