Either as part of a complete compensation study or as a stand-alone project, Richardson Compensation Consulting, LLC can design and administer customized salary surveys to collect information about employee salary and benefits. Salary surveys can be conducted with numerous organizations similar in size, scope, and geography to your organization to 1) compare & contrast your organization’s salaries and/or benefits against the market, 2) develop a composite market position for all jobs and 3) identify potential salary and/or benefit related recruiting concerns. In conjunction with other tools, salary surveys can provide useful information to attract, support and retain employees within the context of an overall HR strategy.
Salary surveys can be designed to capture data including but not limited to:
- Base Salary
- Incentives (bonuses, etc.)
- Premium Pay (shift differential, on-call pay, etc.)
- Perquisites (a.k.a. ‘perks’)
- Retirement Plan Contribution
- Healthcare Costs
- And More…
Many organizations want to use salary surveys to set the compensation levels for their organizations. Unfortunately, it's not always as easy as reading a survey and using the information.