Salary and Pay Benchmarking

Benchmarking Salary and Pay with Business Partnerz

Business Partnerz has the best consultants who are expert at salary and pay benchmarking with a vast and practical experience in the field.

Benchmarking Benefits of Salary and Pay

Salary and pay benchmarking provides decision makers with objective and independent means for determining the market worth for any given job role. Although it does not remove the need for the decision makers to make a judgment but rather helps in anchoring those decisions in objective reality, providing the Remuneration Committee members the ability for distinguishing the market rate for the job and the considerations related to the job holder personally. Achieving a balance between these two considerations leads to the best pay setting with a regularized pay progression over the period of time and related decisions about the bonuses and other benefits.

A properly conducted salary and pay benchmarking deploys the use of scientific methods involving a job analysis, identification of most suited survey data and extraction and interpretation of this data for best results.

We have deployed a panel of expert consultants who use their experience to read pay situations with insights and understanding created through our independent means. We ensure the use of best available and cost effective survey data.

Unlike our competitors our salary surveys are sector or function focused as per the requirements of the Clients and we do not depend on our house surveys regardless of their suitability to our client needs. We keep upgraded by the use of multisource salary surveys to ensure that the findings of our pay data are well validated and weighted against all the available factors.

Whether you are looking to recruit, are concerned that your market pay positioning may be weakening or have been impacted by recent leavers, our salary and pay benchmarking services will help you reach well-reasoned market based salary and bonus decisions and assure you that your pay levels are at an appropriate market position and pay differentials are understood.

We routinely provide our services to help companies in managing their salary and pay benchmarking when there is shortage of time or availability of expert resource at the company or requirement of a third party opinion for ensuring transparency.

Business Partnerz has been delivering detailed salary and pay benchmarking services to organizations from varied sectors. The Benchmarking data we provide is based on a sector or job function and our analysis are based on consistent job matching, as well as relative to the company size and complexity, revenue and market capitalization, either it is for benchmarking of basic salaries, cash bonuses, shared awards or long-term incentive plan (LTIP) payments.