Simply put, it is our process of collecting information on salaries and benefits offered by different organisations within the service industry, nationally and internationally.
It is generally used to evaluate and streamline a company's internal job salaries based upon their own structure and aligning it with each country’s market
There are two main types of salary benchmarking exercises. The first one is across all positions, from entry level of staff to executive management/board members.
The second one is at selected levels, mainly targeting positions that are more difficult to recruit for or those that are deemed “market premiums”.
The data research can be aimed on either the local market, multi locations within specific countries or nationwide, depending on that the business requires.
Our data for benchmarking is gathered from a diversity of sources from our own salary surveys, market information from advertised roles with access to a vast selection of job boards, a global database of over 500,000 screened candidates, a team of 45+ worldwide expert recruiters across multiple sector and excellent relationships with leading industry businesses and collaborators.
Our expertise, gathered throughout our 20 years operating across the service industry, offers a benchmarking service suited to your requirements.
Date Published: 14th March 2024