Salary level analysis
The dangers of incorrectly determining salary levels
Late or incorrect setting of the salary level can lead to a number of negative consequences for the company.:
The loss of valuable candidates means that too low a salary will scare away qualified specialists, while an inflated salary will unnecessarily increase costs.
- Low motivation and productivity — the discrepancy between the level of pay and the expectations of employees reduces their motivation and efficiency.
- Problems with staff retention — incorrect salary levels contribute to high staff turnover.
- Risk of labor market disruption — non-compliance with market standards can negatively affect the company's reputation and competitiveness.
Legal risks — non-compliance with labor legislation regarding remuneration can lead to fines and court proceedings.
When do I need and why do I need a salary analysis?
Salary review and analysis helps you make informed decisions, strengthening your company's position in the labor market.
Salary analysis and review are the most important tools for successful personnel management and business development. It is necessary in the following cases:
- To retain valuable employees, timely understanding of the level of pay helps to retain key specialists and reduce staff turnover.
- To increase your competitive advantages as an employer, up—to-date data on the labor market allows you to offer competitive conditions and attract the best professionals.
- To adequately indicate the salary level when recruiting new employees, the correct formation of proposals helps to quickly close vacancies and reduce recruitment costs.
A correct assessment of the salary level is the key to the stability, motivation and competitiveness of the company.
How does salary level analysis work?
You send an application to the specialists of the Favorit Recruitment Agency, specifying: the region, the name of the vacancy, the type of analysis, and the purpose of the study.
The documents are being formed: the contract, the corresponding applications for salary analysis and the invoice, we sign (a scan or an EDI signature is enough).
Our experts are starting to collect data using modern techniques and tools to process the information received to ensure the accuracy and relevance of the results.
You receive a detailed report that fully meets your needs and objectives, which allows you to make informed personnel decisions.
What tasks will salary review and analysis solve?
What analysis techniques do we use?
Our specialists conduct large-scale market research using advanced techniques:
The average duration of the study is from 2 days, depending on the scale and complexity.
Pricing is individual. The cost is determined by the range of tasks that the client sets for us (specialist experience, position, data on the dynamics of changes, the need to analyze competitors, locality, etc.).
3 000 - 10 000 rub per position
Privacy is our priority
By contacting the Favorit Recruitment Center, you can be sure that all data remains strictly confidential. We guarantee that the information will never be published in open sources or leaked to third parties.
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