How to benchmark your pay and benefits against those of other employers

Author: Mark Crail

Summary

Click on any of the hyperlinks to go to more detailed guidance below.

• Be clear about why there is a need to benchmark against the market.
• Establish which individual or groups of employees are included in the exercise and who they are to be benchmarked against.
• Decide which elements of reward are being benchmarked.
• Obtain appropriate and relevant data from reliable sources.
• Use the data to make recommendations and decisions, and remember the administration.