Conducting a Market Survey
It will be required to conduct a market survey either by the organization or by the experts available in the market. It is also necessary to ascertain from the client the type of organizations (size, nature of business, etc.) they are seeking.
Components of the Survey
This type of survey includes a comparison of cash components, retirement benefits, perks, leave rules, incentives if any, bonuses, variable pay if any, etc.
Comparison at the CTC Level
Comparing at the CTC level while considering similar items is also beneficial.
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