In addition to providing direct recruitment services, we have an extensive track record producing in-depth, recruitment related bespoke salary benchmarking reports to support our clients’ remuneration and reward strategies.
Benefits of salary benchmarking
Salary benchmarking allows you to better understand the remuneration trends within your specific market sector. The process will help to:
- Improve retention rates,
- Guard against loss of staff
- Assist in the development of attraction strategies for your future recruitment needs
It also facilitates efficiency improvements and change programmes, pin pointing areas of challenge and future opportunities within the organisation, which ultimately can bring long term cost savings and commercial competitiveness.
Hays are recruitment experts and our benchmarking is conducted by a team that focus purely on this facet of recruitment, rather than generalist management consultants.
Our recruitment related service provides a cost effective and customised offering which is specifically tailored to your requirements and budget. We work in partnership with your organisation to provide the highest level of service that is right for you.
Unrivalled Access to Market Intelligence
As the UK's largest specialist recruiter, our research team is tied directly into the business' live data. This means you will have indirect access to the most up to date information that will produce the greatest tangible results for your business to base future workforce strategies on accurate and independent data. As well as access to real time recruitment data our specialist team conducts additional research specifically for each client.
We survey your direct peers and deliver extremely targeted salary and reward data, evaluating specifically against your requirements, job profiles and organisational scale. We will show you what your direct peers are doing now and in the future around pay, reward and employee strategies.
Additionally, and importantly, we will explain what our interpretation and data means for your organisation and how the outcomes are represented against the individual sectors, specific role profiles and comparator size.
Our clients agree:
“Following a short notice request (some three days) Louise Haines at Hays Executive was able to produce an excellent comprehensive report, with recommendations, to assist us in the benchmarking of Board level remuneration. We would certainly use Hays Executive again for future reviews.”
HR Manager, Harwich Haven Authority
“We commissioned Hays Executive to undertake an extensive UK review into Store and Area Managers pay and reward within the retail convenience market. Hays Executive not only produced a thorough and detailed report but tailored each area specifically to our requirements, producing in-depth market intelligence around why salaries may have differed across regions, what managers valued in terms of staying at a particular organisation and comprehensive data around pay and reward across the market.
This data has enabled us as a company to focus in on specific areas of need and helped to develop our future workforce strategies around recruitment and retention. We would not hesitate to use Hays Executive again for future benchmarking exercises.”
People Manager, One Stop Stores