Paywell salary and benefits survey
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A good compensation system is essential for an effective motivation of employees at workplace and for making the company attractive to potential employees. The PayWell salary and benefits survey report is a tool created to help HR professionals and decision-makers in companies to develop competitive HR policies that will attract, motivate and retain talent and support the business strategy.
PayWell salary and benefits survey report provides specific information relating to the following three key areas:
- Salary ranges for general and specific jobs for the whole market and each sector separately
- Compensation policies
- Benefits policy
What's in it for you?
The survey output is an important tool that helps companies wishing to recruit, retain and motivate high-quality staff. Furthermore, survey outputs are helpful in the process of reviewing the company’s remuneration strategy (including the grading classification), preparing the budget and calculating staff costs, setting-up the salary structure and salary levels, identifying in-kind incentives, finding solutions for tax optimization or investigating a relationship between remuneration and employee performance.
The PayWell study allows the comparison of salaries across sectors and job positions. It is an excellent tool to help you create a successful remuneration strategy.
Confidentiality and security of data
All information about each participating client obtained from the Survey is treated as strictly confidential for an indefinite period.
Statistical analysis and confidentiality require the following minimum of incoming data per position:
- For less than three matches per position (or if all job matches were provided by one or two companies) – results for the position will not be provided
- For three to five job matches per position (or if only three companies provide data for that position, irrespective of the number of job matches) – only mean (average) and median values will be provided
- For six to nine job matches provided by at least three companies – lower and upper quartiles, mean and median values will be provided
- For more than ten job matches provided by at least three companies – 10 and 90 percentiles, lower and upper quartiles, mean and median values will be provided.
Information received from the client during the Survey will be statistically processed and disclosed to third parties only in the above format.Where these conditions are not met, the respective indicators will not be reported.
Each questionnaire for data input will be given a code. Remuneration data will relate to coded benchmark job titles, without any mention of the jobholder’s name.
The data received will be used for producing a summary of statistical analysis. The originating data may not be discerned from the findings presented in the report.