About Annual Salary Survey - CiteHR
Saswatabanerjee
Partner - Risk Management
Ed Llarena, Jr.
Owner/ Managing Partner
Vijay_nainy19
Manager Hr & Admin
+2 Others

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear All,
What is Annual Salary Survey all about? Why it is necessary and how an organization will be benefitted after this survey??
What is the right & efffective way to carry it?
Regards,
Vijay Kumar

Dear Vijay,
Greetings!
I would like to connect and discuss your query with you.please share your contact detail or connect with me at . I would be glad to help you.
Thanks & Regards
Amarpreet Kaur
HR Helpdesk | HR Outsourcing | Human Resource Services

Hi!

An Annual Salary Survey refers to the yearly compensation and benefits study being published by reputable HR consulting organizations, like HayGroup. Hewitt, Towers Watson, W. Mercer, etc.A company can also do their own Salary Survey, but doing it annually may be costly and unnecessary.

Salary surveys show the current compensation and benefits practices in various industries and leading companies that participated in the said survey in a particular locality. The survey report is a critical reference material for bench-marking among business organizations that want to ensure that their compensation & benefits practices are at par or competitive within their industry, market, and country.

Why? because in compensation, there are four (4) basic principles that a company must follow. These are: internal equity, external competitiveness, affordability, and sustainability. The second principle (external competitiveness) compels business organizations to regularly compare their salaries and benefits with that of the market or their competitors for talents. Hence, this matter is very important in reducing a company's turnover rate.

Best regards.

Ed Llarena, Jr.

Managing Partner

Emilla International Consulting Services


Annual compensation survey for unionised workers is being done by employers federation of india (EFI) every year. You may get in touch with them if you want to participate. The advantage is that you know what others are paying, benefits and structures, that enables you to match industry standards.
Dear Senior,
I am working in a software co since oct 2012 and at time of intw my boss told me after six month your salary will be revised so can u suggest me how much can i demand or what percentage will hike on my salary.
thanks.

Ankita,
It would be better for you to have put this as a separate post instead of a part of this thread.
Check out comparison of industry salary levels on various site. Pay check.in is one of them. Monster has similar info. Google for the rest

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™