Pay & Reward 
Benchmarking

Make smarter, data-driven decisions on pay and talent strategy with our expert-led salary benchmarking solutions.

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Design salary frameworks that pay off

In a competitive market, understanding what to pay – and where to find the right talent – is critical. Our Pay & Reward Benchmarking services give you the clarity and confidence to make informed decisions that attract, retain, and reward the people who power your business.

Unlike automated tools, we take a consultative approach to deliver a definitive salary benchmark service. Our in-house researchers analyse your roles in context, considering size, sector, and structure, to deliver accurate, tailored salary data. Combined with our Talent Analytics, you’ll gain a complete picture of the skills landscape: who you’re competing with, where talent is located, and what it costs to secure it.

Whether you’re creating new roles, planning a restructure, or shaping your long-term workforce strategy, we provide the insight you need to stay ahead.

How salary benchmarking can benefit your business

  • Powerful data meets human insight

    We don’t rely on generic job titles or automated systems. Every pay benchmarking report is built from scratch by our in-house researchers, who understand your organisation’s unique roles, sector, and structure. This human-led approach ensures relevance and accuracy, drawing on deep recruitment expertise and proprietary data to reflect the true nature of your roles - not just their titles. 

  • Unmatched market knowledge

    As a global talent and workforce leader, we combine proprietary Hays data with external sources to give you a strategic view of pay and talent trends. Whether you're launching a new role, responding to internal feedback, or navigating organisational change, our benchmarking supports smarter decisions. We go beyond salary, covering equity, benefits, and competitor comparisons, so you can go to market with confidence. 

  • Beyond the numbers

    Our benchmarking isn’t just transactional – it’s a strategic tool for workforce planning. We map talent availability, diversity profiles, and competitor activity to help you understand not just what to pay, but who to hire, where to find them, and how to retain them. Whether for a single role or a full organisational redesign, our insights support long-term success and align with your business goals.

     

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Proven expertise, powerful insight

With years of experience delivering bespoke salary benchmarking reports, we’ve helped organisations shape competitive pay strategies, strengthen employee retention, and plan for future workforce needs. Our insights don’t just inform decisions – they drive transformation during periods of change, growth, and organisational redesign.

Data that empowers

Our methodology combines impartiality with market-leading intelligence. By analysing real-time data and future trends, we provide robust evidence of what others in your sector are doing now – and what’s coming next. This empowers you to design benefit structures and pay frameworks that are fair, competitive, and future-ready.

Talk to us about Pay & Reward Benchmarking

Get the clarity you need to make confident decisions. Complete the form below to request a call back, or email us directly at Benchmarking@hays.com.

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Pay & Reward Benchmarking FAQs

Salary benchmarking is essential whenever you need clarity on pay structures to remain competitive and compliant. Some common scenarios include:

  • Creating new roles: ensure your salary offer is aligned with market expectations to attract the right talent from day one.
  • Organisational redesign or transformation: validate that revised roles and responsibilities are matched with fair and competitive compensation.
  • Pay equity and compliance: identify and address internal pay gaps to support diversity, equity, and inclusion goals.
  • Annual pay reviews: use accurate, up-to-date data to inform salary adjustments and retain top performers.

Our benchmarking reports are tailored to your organisation’s context, considering sector, size, and role complexity – not just generic job titles.

Spending time on salary benchmarking and ensuring you formulate a well-researched and comprehensive salary and benefit strategy can pay dividends, meaning you should only need to do it once or twice a year. However, this frequency may need increase in line with any market or economic shifts that impact the employment market.

Market insights from Hays

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