Salary Benchmarking
Critical to attracting and retaining the best talent is having the right market knowledge on your key roles.
Salary benchmarking provides an independent and accurate reflection of your current market so that you can make informed and effective remuneration decisions. Our process enables you to offer fair and competitive salaries to your employees, which can help enhance your overall Employee Value Proposition.
As well as our online OrbitPro™ benchmarking software which enables you to access global salary and benefits data directly, Turning Point offer a comprehensive, bespoke benchmarking service at all levels. The outcomes give you a complete breakdown of the total remuneration packages, allowing you to compare salary and benefits across specific sectors, competitors and geographical locations.
![Service-Icon-1 Service-Icon-1](https://turningpointhr.com/wp-content/uploads/2024/05/Service-Icon-1.png)
Our Approach
![Services-Approach Services-Approach](https://turningpointhr.com/wp-content/uploads/bb-plugin/cache/Services-Approach-panorama-21ad2783d4cfcc0ced3bef13aa646873-pjqrmvi03txf.jpg)
Our bespoke salary benchmarking services are tailored to your needs - whether you want to compare salaries across local, regional, national or international jurisdictions. Once we understand your business and priorities, we will recommend relevant comparator groups to benchmark against. We will work with you to assess which benefits you need included in the project and to what level you want the data to be delivered.
Depending on your needs, our bespoke benchmarking service can include:
- UK & international data options
- Comparator group analysis
- Role analysis
- On-line collation of data
- Full market comparison of your roles using total pay information including variable pay and specified benefits
- Market comparison reports
We’ll help you use the research to make informed decisions aligned to your organisational strategy and goals, and support you to develop an attractive reward package that will compete
within your sector.
Our focus is on adding real value to your reward strategy through the provision of trusted data and actionable insight.