How to get the exact compensation/salary survey

Iris · #1 (**permalink**) 11-01-2006, 02:42 PM

Hi,

Would you pls share with me your method to get the exact compensation/salary survey of the companies of your same industry?

In the competition in talent market, compensation is one of the vital focuses. How do you get the EXACT compensation&benefit of other compines of your industry to improve the compensation&benefit system of your company?

Do you
- cooperate with the consulting company to get the info exchanged with money?
- collect info from the job applicants jumpted from the other companies?
- Or other method/channel?

I am confused about it. which one is the most effective?

Thanks for your help in advance.

Preeti · #2 (**permalink**) 13-01-2006, 10:15 AM

Iris,

The first and the foremost you could exchange report from a consultant company on money and then its an ongoing exercise trying to capture the information from various sources like

1 The candidates who you interview
2 In general converstaion with your network people
3 Articles in various magizines/papers
4 Also from informal chats with the employees, who have friends working in different orgnaization of different sizes

But in all these efforts one thing that you have to maintain is the internal equity at all given times otherwise this causes a lot of unrest.

Cordially,
preet

Iris · #3 (**permalink**) 13-01-2006, 02:44 PM

Hi preet,

Thanks for your reply for my question.

Yes, turning to a consultant company is a formal method. But, can we get the real and creditable info from it?

The other methods is adoptable. Thanks.

Best regards,

Iris

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode