Struggling to establish the market rate for your Management? Paying too much (or too little) for your Administrators? 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 economy. We are already in a skills shortage, making it really hard to not just attract, but to retain good people in such a competitive market place. 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. Our parent company, MTS Management Services Ltd, has been heavily involved in this type of work since 1971. 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 staff and attracting the right people becomes easier, as employees at all levels recognise they are being paid fairly.
The methodology is unique and relevant to any organisation. They reinterpret existing market data in a way that is easily understood. Reports are detailed and give the expected market rate for any job within an organisation, however specialist. They also check for equal pay and discrimination issues, underlining an organisation’s commitment to equal opportunities and diversity.
Why benchmarking is cost effective:
- Paying too high can cost you tens of thousands every year
- Paying too little will cost you staff turnover
- Paying unfairly can create equal pay and discrimination issues
- A proper benefits programme can inspire loyalty at low cost
In addition, our reports:
- Underline organisations’ commitment to equal opportunities and diversity
- Are independent, compiled from extensive data research
- Can be reviewed and updated easily once an effective formula for the organisation has been established
- Allows 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 Anglican Dioceses.
For more information, contact Jackie Bolton, Client Services & Events Manager on 01480 677981.
“Belvoir HR Ltd regularly commissions Salary and Benefits surveys for its clients from BackupHR. The surveys are very useful and up to date, and are compiled from extensive data research. This data then supports a recruitment or salary review process. The BackupHR team is very responsive to sudden “urgent “ requests, and the fees are very reasonable. Happy to recommend.”
Suzanne Smith, Principal Consultant – Belvoir HR Ltd
“CPRE has recently changed it’s pay policy to one that is more market based. BackupHR bench-marked all roles using extensive market data, and provided an overview report, including a gender pay gap report. This data now supports the ongoing recruitment and reward policies and processes. BackupHR always responds in a timely manner to any urgent requests. Happy to recommend.”
Mark Cornish, Director of Finance & Operational Effectiveness – Campaign to Protect Rural England (CPRE)
“BackupHR were asked to prepare a detailed report on Executive Reward for our group. We wanted to examine the benefits of a variety of structures to promote both short and long term success.
We were very pleased with the final document, which was presented to the Board. It produced a lively debate and helped to focus our thoughts on the correct structure for our needs”
James Lipscombe, Managing Director – The Chesterford Group