Independent Salary Review
Scenario
- Our client, a large Registered Social Landlord with over 7,000 homes, aimed to keep pace with the market by formally reviewing salaries every three years.
- We benchmarked 105 discreet posts covering 160 employees.
Actions
- We planned the project with representatives, Chief Executive and Head of Human Resources, collecting salary and benefits data, and current job descriptions. We agreed appropriate comparator groups and data sources.
- We matched each post against an appropriate database, covering basic salaries, bonus and performance pay, and non-salary benefits. We produced lower quartile, median, mean and upper quartile market matches.
- We prepared a report to highlight areas or features with a significant competitive influence, and discussed our findings and recommendations with the Salary Review Selection Committee.
Outcome
- Our review was informed by national salary and reward databases, including the Reward Group, Income Data Services and Inbucon; comparable posts advertised over the past six months; and data from internal research carried out for another major housing sector client.
- Post-review, we gave practical guidelines for our client to position itself according to the competitive nature of the market and individual performance.
More information on Salary Benchmarking
Contact
- Paul Robertson, Head of Practice and Managing Director
- 0870 890 9882
- enquiries@wayshrc.com
Examples
- Competency Based Interviewing (1)
- Competency Based Interviewing (2)
- Customer Care
- Customer Satisfaction
- Full HR Outsource
- Independent Salary Review
- Induction
- Job Analysis
- Leadership Development
- Management Development
- Organisational Development
- Outplacement
- Reviewing Job Evaluation
- Reward Strategy
- Salary and Reward Benchmarking
- Salary Benchmarking