Are your company's salary rates up-to-date? Completing an external salary market study to set appropriate pay levels within your organization ensures that you attract new employees, retain top performers and manage the bottom line.
Learn how to optimize your salary ranges so that you stay competitive within your industry and on budget.
How to Perform an External Salary Market Study gives you step-by-step instruction on completing a salary benchmarking study. Topics covered include how to:
- Create a market study plan
- Outline an approximate budget and resources
- Research survey options and select data sources
- Age and weigh your data
- Finalize your recommendations and complete your survey