Need Help Crafting a Questionnaire for a Compensation Benchmark Study – Any Suggestions?

Hi Kusumadhar Pandey,

I would like to conduct a compensation benchmark study. Can anyone assist me with a questionnaire as soon as possible?

Thank you.

Hi Deepa,

I am actively engaged in a Compensation and Benchmarking study for my organization. Could you please provide more details to enhance understanding so that I can offer my suggestions on the mentioned topic?

Thank you,
Deepa

Dear Deepa,

Thank you for your message. I am presently working in a small-sized organization. I want to do a salary revision and salary restructuring in my organization. For that, I want to do a study where I can find out:

- What is the existing salary scenario in companies like ours (i.e., similar kind of business, same manpower, turnover size)?
- How competitive we are presently and where we need to improve?

My office is presently in Noida. Where are you based?

Thank you & regards,
Kusumadhar Pandey

Hi Kusumadhar,

I am based in Gurgaon.

For the salary survey:

You need to have a Job Description as it is always beneficial to have the survey done on the basis of the Job Description rather than designation. You can get the survey done by Mafoi, Omam Consultancy; they have a knack for this. If your JD is not ready, then these consultancies have a form on which they can elicit information regarding the job and will proceed with the survey. If you are not interested in the above, you can always opt for a readymade compensation survey done based on the industry.

For salary restructuring, you need to tell me what kind of salary structure exists in your company and what kind of salary structure your company intends to go ahead with.

Deepa

Dear Deepa,

Thank you so much! The job descriptions are with me, but the only issue with the current organization is the lack of financial support for these types of projects. I have seen Mercer/Mafoi studies on the same, but I don't have anything like that on hand. What I currently need is a questionnaire that I can use for data collection from different organizations. How has the process of such a study been at your organization?

Regards,

Kusumadhar Pandey
IndiaMART
9810931112

Hi Deepa,

I am based in Mumbai and working with a mid-size organization. It's a multinational architectural cum construction firm. My team is looking forward to performing compensation and benefits activities for the organization. We have thought of Hewitt to tie up with. Do you have any idea regarding their performance and style of working? I have heard a lot from many sources that they are good. Please guide me in this activity; it would be of great help.

I have the job descriptions ready. Salary computation in this field is based on seniority and merit. I have also identified the key players/competitors within the market. What methods are used to perform this activity? Please guide me on the future course of action as we are doing it for the first time.

Thanks, Harshal

Hi Ms. Deepa,

This is Shahid from Noida. I am preparing for the interview. Therefore, please help to answer the below queries on Compensation design topics.

1. What is the role of HR in Compensation design and restructuring?
2. How is Compensation design done?
3. What is the process to conduct a salary survey in the industries?

Thank you.