Salary SurveysCompensation Management

Prepared By

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Manu Melwin JoyAssistant Professor

Ilahia School of Management Studies

Kerala, India.Phone – 9744551114

Mail – manu_melwinjoy@yahoo.com

Salary Surveys

• Surveys collecting

information about employee

compensation, including

salary and benefits, are

commonly called salary

surveys.

Salary Surveys

• Salary surveys are conducted

with numerous employers to

determine pay levels for

specific job categories and

are generally conducted

either by region, sector or

job classification for the

purposes of comparability.

Salary Surveys

• In conjunction with other

tools, salary surveys can

provide useful information

to attract, support and retain

employees within the

context of an overall HR and

organizational plan.

Salary Surveys

• When designed and used

properly, salary surveys can

provide useful benchmarking

information for comparing

salaries and benefits.

Salary Surveys• A salary survey is a standard

method of finding out what other organizations are paying for specific jobs or job classes. Large organizations in particular, routinely conduct compensation surveys to determine prevailing pay rates and benefits.

Salary Surveys• These surveys not only determine

the low, high and average salaries for a given position, but also provide a sense of what other organizations are paying. Organizations may purchase results of surveys conducted by a variety of organizations proficient in the collection, analysis and distribution of salary data, or they may choose to conduct their own salary survey.