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01480 677980
Pay & Benefits Benchmarking
Struggling to establish the market rate for your Management? Paying too much (or too little) for your Administrators or Operators? How should you pitch your employee benefits in today’s market?
These and many other questions are asked by Senior Management and HR across the country. We are already in a skills shortage, making it really hard to not just attract, but to retain good people in such a competitive marketplace. SMEs rarely have access to the budgets or the tools to accurately answer these questions.
BackupHR’s pay and benefits surveys can provide a cost-effective answer. We have been doing this for decades. We establish the market rate, look at current labour market trends, make recommendations and help put in place a plan for the future. Keeping good people and attracting the right people becomes easier, as employees at all levels recognise they are being paid fairly.
Why benchmarking is cost-effective:
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Paying too high can cost you tens of thousands every year
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Paying too little will cost you staff turnover
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Paying unfairly can create equal pay and discrimination issues
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A proper benefits programme can inspire loyalty at low cost
The methodology is unique and relevant to any organisation. We interpret existing market data in a way that is easily understood. Reports are detailed and give the expected market rate for any job within the organisation, however specialist.
Our reports:
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Underline organisations’ commitment to equality, diversity and inclusion.
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Are independent, compiled from extensive data research
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Can be reviewed and updated easily once an effective formula for the organisation has been established
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Allow Management to confidently review salaries and rewards.
We have written reports for large car companies and small local charities. In sectors as diverse as retail, automotive, packaging, IT consultancy, aviation, education, charity and even Dioceses.
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“We regularly commission Salary and Benefits surveys from BackupHR. The surveys are very useful and up to date, and are compiled from extensive data research which supports a recruitment or salary review process. The BackupHR team is very responsive.”
Call us on 01480 677980
or email info@backuphr.com