Case: Salary benchmarking
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Salary Benchmarking is the first step towards compensation rationalization, and is a key component of inTouch's Predictive Salary Analytic Practice
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Case: Salary benchmarking
- 1. Case:Salary benchmarking for an American Design firm
- 2. salary benchmarkingthe first step towards salary rationalization What does my industry pay for the skills I need? Are we paying – more, less or on par with Industry ? How do we position ourselves in the job market? My Industry My Company 8/10/2010 2 Case: Salary Benchmarking Report - Jul 2010
- 3. solution featuresscope, methodology & deliverables 8/10/2010 3 Case: Salary Benchmarking Report - Jul 2010
- 4. A large American Design firm with Architectural-Engineering offices in India Study involved estimating market salaries and benchmarking them against client’s salaries, for a set of job profiles The Client & the assignment 8/10/2010 4 Case: Salary Benchmarking Report - Jul 2010
- 5. Secondary Information study on compensation levels in the Architecture & Engineering industry in India Primary data on Salary levels derived from job portals and candidate interviews Analysis involved removal of outliers, computation of statistical averages & variances Data & Analysis Methodology 8/10/2010 5 Case: Salary Benchmarking Report - Jul 2010
- 6. Report snapshotsmedian salaries within a salary category 8/10/2010 6 MASKED Case: Salary Benchmarking Report - Jul 2010
- 7. Report snapshots where Client business scores 8/10/2010 7 MASKED Case: Salary Benchmarking Report - Jul 2010
- 8. Report snapshots benchmarking across job categories & cities 8/10/2010 8 MASKED Case: Salary Benchmarking Report - Jul 2010
- 9. Report snapshots Median salary & variance across profiles / cities 8/10/2010 9 MASKED Case: Salary Benchmarking Report - Jul 2010
- 10. Client benefits Fact based & strategic reward structure Client knows stance in the talent market & can modify positioning to attractrequired skills Can budget for short& medium termstaffing needs andfor skills not acquired so far Can bring salaries in line with market reality, retain talent and save money 8/10/2010 10 Case: Salary Benchmarking Report - Jul 2010
- 11. More details & information: Arun Prabhu inTouch analytics private limitedEmail: arun@be-in-touch.comPhone: +91-96202-71950 © 2010 inTouch analytics