salary benchmarking exercise

If this is your first go at salary benchmarking then we recommend easing yourself in and using Option Impact. We recommend you pull data from the different countries you operate in and then interrogate it. Benchmarking – i.e. Survey access and participation is via our online platforms. Compensation benchmarking isn’t a dark art. stream In terms of HR, salary benchmarking is essential for comparing the pay and benefits on offer against those offered by competitors. You should resist relying on random survey data offered by a service provider as a benchmark. A benchmarking study can combine several of these different categories. You may apply some generous filters but still the benchmarks come back empty. Fill out the appropriate information for your business and your competitors in order to compare and analyze differences in the various categories. V�q�!�/+X.X'�p��a��q��x$WPoF_>��mr�ʤJ:9@j��W�NUR��t�r��҅J�x,��v�)]`�2�I��ƈ��S�l�;X�G��=��(s!=e3�A=\5�=}RZH�Dx�?q�W��s��-��va�>TU3�L�?ŗ�Y_3�9r��Vێ��tG��R�&;�N��9�/��&�`�:�iꂐ�� 1��ڄ�ӅC�P4JKav�HǸ�V�I-m?v��g��Ps!mp�GI��.L��VR�Ӗ4�H�۠�r͔�}�h��GL�ݫ��?d�4�8�rkB�Q�O��9;%�)�0�� c�SE*.�D)>��r��f�~eq��{��i `��[8:�8�hｃ��7q�k��TLB:�� May 15, 2009 The Importance of Creating a Salary Benchmarking Plan. <>/F 4/A<>>> At The People Collective we’ve carried out 25+ salary benchmarking projects in the last 2 years and want to share some of our learnings and answer the question: I’ll get the bad news out the way first. x�읇w\Ǖ�[L@� � �D "�Fn��D�)Z�fl��4��=��k˖îvd�Y�(�3;gl�߶?u��O�UU��@��^�[��b,G��O��s��\i��૏��^��g?�qo%�ڶ��z%�6�?M�/)?M��[�W��^�w>��wV��jw�ڱ�2000�(�-�^+�}:�v��n��m��Ё�|20��o�ul If you opted for something like Radford you can drill down to city level. How should you remunerate employees based on their location? More importantly does it make sense to pay differently between two cities in the same country. Do compensation surveys actually tell you how much you have to pay? That does not mean that you then have to pay in the 50th percentile! <>>> The data I’ve pulled looks wonky or doesn’t even exist for some roles. The information can be used to calculate realistic pay rises. <> The whole salary benchmarking process is time consuming and can be costly. endobj In previous posts, we have covered different aspects of salary benchmarking at an organization. Benchmarking: Compensation and Benefits. Simply select a job function and industry to get a breakdown of the average salary for each level. The first time I carried out a salary benchmarking exercise was back in 2014 at Qubit and I remember it fondly. The average Exercise Specialist salary in Delaware is $50,155 as of December 28, 2020, but the range typically falls between $45,214 and $55,908. Independence:Benchmarking should be carried out by an independent third party. Salary Benchmarking is the first step towards compensation rationalization, and is a key component of inTouch's Predictive Salary Analytic Practice Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 0. Perhaps you've never run one before or know deep down your current process isn't particularly robust. endobj Samwu expects City of Tshwane to set terms of salary benchmarking exercise . Data were collected on four comparison groups: UC faculty in the Here are some questions you need to think about: I’m not going to tackle all of these questions now but have picked a few that come up every time we carry these projects out. So what do you need to do? All this information is helpful for people who are working on similar kind of tasks and objectives. When using process benchmarking, the data is gathered via research, surveys, and website visits. ,%�EdH�k��/�? The process used by a business to identify, track and compare similar salary rates to determine the pay package for their employees. Where should we get the base salary data from? It’s called salary benchmarking. Over time, these annual surveys turned into benchmarking exercises. �?��x�w�{ێm�-��ŶXio��>��M�"ǧ�q�̻�2m��6��6n:�h>��o��l9�;��ok��4|��3�t�}�u�f``��V�r�f(%q��x��͖��z�y��a��0��uv��u�t��ˑ�ߵ�>Nxa��x�K��'�=��8�i"=&�U�=��坛-9��q��d��q|P�vq�紐?�~��W��w�U�$�:�g��gf��5-�+?X\~:�z_��{��#�MCvN��V4m�aon�i/Q8��Ä�\zw�c�^z��[Mm�Ƹ&��6ֆ(��w�4k#o�K�b��ܓ��~Х� ��)��Sc�6��J��t��6;k�o}�f��gs��f��[U*{)q��f��t~��h�o7�D�8��-��;w��[�:t��t|eQ�R��L��/�u~�x��I�@��U42��Uϕ�ޓ�/�ݭͽ�8��;v\�xQ�ә3g683�W^y9�Q=��V��DX?P��IJ#]�.�\�[��r��^u�ͮ0Y�0R <> In order to remain competitive and attract and retain talent in a given market, we recommend you start with pulling data in the 50th percentile i.e. Again, we recommend pulling data for the different cities you operate in and then taking a deep look at this. endobj By Staff Writer. We’re going to make an assumption that you have already done this. Salary and benefit benchmarking surveys Our range of benchmarking data, analytics and insight options including off–the-shelf general market surveys & specific industry benchmarking surveys. Therefore, a salary equivalent to the midpoint of a grade represents 100% compa-ratio. The Art & Science of Benchmarking: What Happens When Pay Doesn’t Progress? I had a blank spreadsheet open and was painstakingly trying to find the junior, mid, senior and exec salaries for all the roles we had at the time from the various sources. For associations seeking to stay competitive in the marketplace and association professionals contemplating career moves, access to accurate salary and compensation information is essential. How to turn all those £0 into something that is equitable, sustainable for your business and something that people believe in. Coming to that time of year when you need to run your annual pay review process? This becomes a problem when you apply too many filters. Now the fun part. endobj How do we handle different geographical locations? I’m not going into reasons as to why this happens, however Radford has written an article on this —. If you don’t do this, you’ll be in a world of pain. Are there notable differences between cities, especially those in the same country? Glint Benchmarking … 2. It consisted of me trawling through LinkedIn, Glassdoor, Payscal and huge 100 page PDFs from recruiters like Hays. Salary benchmarking can help companies to overcome these issues. endobj Salary benchmarking is an important part of managing a business with employees. Now you have your data, you need to benchmark existing employees against it and see where you are under/over paying people. A thorough analysis of the data and percentiles will inform you as to where your salaries sit in comparison to your preferred position and the levels paid by your comparator groups, however that does not mean that’s what you have to pay. ?S�&��M�� /�T� ��;LV7��XJ`��]=�/��R�x��ˬ�F�t��[Ai�ʃk�q��]�B�vP__��Yx�`H� BT��H��ϯ��m��]ӟ Kc{�/�Y'�֣�R R2�u�ʅ��ƶg��|CNqY�E��`�Ν��"ö��~#۾}{�?U�ФdƔ��A��l�P��[|�ol��eil��v�Ep�)�!%�Q�_�"��n�S{�v�|: ��;��aܷ 0cJb�N�H�c��ol3}�U��G�#��ATسw�{��eE�ggg��ƻW��%�V7ͼ��oQ��^NJ?� ��b��~il��r"�>r�Ⱦ}��k��m۶gϞ��t��C��޽��@z��Ҏ=J鬒. From our experience, there isn’t much difference between them. So what is the key takeaway from this? Get in touch with the People Collective if you’d like help with your next salary benchmarking exercise and learn about how we’ve helped companies like TrueLayer, Bud, Seedrs, Lingokids, CharlieHR, Second Nature and many more solve this gnarly topic. That being said, whether you need to make adjustments at all is the big question. Just as a volleyball team has a certain place or ranking within a league, companies can benchmark themselves against other similar companies. <> <> Here is another blog post from our series on compensation and reward, talking about How To Motivate Your Employees Beyond Pay. The process and output of compensation benchmarking helps to inform a company’s overall compensation strategy and ability to attract and retain the talent it needs to accomplish its business objectives. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 8 0 R 11 0 R] /MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> A Salary Benchmarking exercise would be wise as it compares your organisation’s salaries against the market, with a view to see how competitive you are within the marketplace. Crucially, this is a much more focused and detailed process than a traditional salary survey. endobj If not then you may want to look at using, You can create a cost of living multipliers for cities and countries using. You’ll want to pull this for the country or city where the majority of you employees are based — ‘base market rate’ — for most of our clients this is usually data for the whole of the UK (we can adjust for different locations, both cities and countries in a bit). endstream Salary benchmarking is comparing your company’s salaries against the compensation of other companies in your industry and geographical region. A salary benchmarking report shows where your company sits in the market and how competitive it is. First, develop a summary of findings and opportunities based on the data, and align your improvement recommendations with current program operating goal(s) (e.g., common, effective practice versus best practice). That’s when someone said ‘why not throw some money at the problem and buy a data set from one of the big salary benchmarking companies like Radford, Willis Towers Watson, Mercer?’ I’d never even heard of these but given that’s how traditionally a lot of the larger companies carry out salary benchmarking then surely this will give us the information we need? Salary Benchmarking Tool Use the tool on the left hand side of this page to benchmark salaries for hundreds of roles. 10 0 obj 8 0 obj There are plenty of reasons for undertaking pay benchmarking. Normally Benchmarking Exercise consists of four phases, which involves: Planning This involves identification of subject area & the criteria that will be used to assess success. <>/F 4/A<>>> Here are some pointers on how to approach salary benchmarking. <> 6 0 obj The Benefits of Benchmarking Benchmarking is a common practice and sensible exercise to establish baselines, define best practices, identify improvement opportunities and create a competitive environment within the organization. To quote Radford: As an organisation, your job is to design a rewards package that resonates with your employees and is competitive in attracting and retaining the type of talent your team requires. Perhaps you’re struggling to retain or attract talent; control payroll costs; or need demonstrate a clear … Human resources and hiring managers may consider several factors when trying to obtain accurate market salary data. Does it make sense? 7 0 obj Comparing your business performance against certain reference points – is a popular and potentially powerful way to glean insights that can lead to improved performance. Yes, base salary is a large part of this, but it shouldn’t form all of it. The Different Types Of Benchmarking – Examples And Easy Explanations. %PDF-1.5 Some of the factors that can affect pay rates include geographic location, experience, education level, job responsibilities, organization size and financial resources. In Option Impact, you can filter data based on different countries (at present there is no option to get to city level). Many organisations need accurate and up-to-date market information to present to the salary … The tl;dr, it's neither an art or science, but a bit of both. Help!? <> The first time I carried out a salary benchmarking exercise was back in 2014 at Qubit and I remember it fondly. %�� In our experience, successful benchmarking exercises focus on the following elements: 1. Glint 63 . It has over 3,000 participants and is the largest database of private, venture-backed companies. The answer is no. What do you do when someone chooses to move from London to a remote part of Portugal or vice versa? What is salary benchmarking? Finding the best match for your job is critical to an effective salary benchmarking exercise. Salary benchmarking is an important part of your talent retention strategy, losing employees can be costly and can delay the growth of your company. x��U]k�H}�?�G��{��u�6](dCBTWq��VW�b��^IMd�DmK�;g�s��}�l�ugg��)��w��VՏ�l��̮��v_4�j��^��8�>p�� Learn how to benchmark and set salary ranges for employees in just a few easy steps. The question that all People teams dread. You can be data driven but the data is only as good as you know what to do with it. Pay benchmarking is a valuable exercise which can save you money and underpin a whole reward structure. Where the first generation of these tools was web-based, now they are mobile and often embedded in different applications like Slack and Microsoft Office for example. Well, I’m here to tell you that there is no silver bullet in salary benchmarking. … Benchmarking is usually a process to see how the competitors are working or how they are able to gain success. Make sure you clearly document what approach you took to arrive at the final benchmark so that when you come to refresh the data in 6 /12 months time, you know what methodology to use for each role. Are there enough data points? Compensation is one of the most important components of attracting and retaining top talent. 4 0 obj Due to the recent pandemic, and the move to remote working practices for many, there are questions around the traditional cost of living adjustments that companies have taken in the past with global compensation models. What is the competitive rate? 1 0 obj *8F" endobj P&I salary benchmarking Spinnaker publishes a P&I Club Salary Survey Report every 2 years. I'd love to know how other people approach this traditionally tricky exercise. Any salary benchmarking process should engage with the business from the very start. Getting set up and onboarded with them can be quite a time consuming process compared to Option Impact so bear that in mind. 11 0 obj However remember it’s not all about the benjamins, How To Motivate Your Employees Beyond Pay. Benchmarking gives a complete breakdown of the compensation package allowing companies to compare salary and benefits available within specific sectors and named companies. The report includes roles in claims, both legally qualified and non-qualified, underwriting and loss prevention from junior to director level, as well as roles in corporate services and the senior leadership team. The most popular answer is to improve the organisation's ability to recruit, motivate and retain the people it needs. endobj 9 0 obj 3 0 obj Eh, that doesn’t make sense?! It’s how you avoid losing top talent to competitors who offer a much more attractive pay package. The data is telling you that for an IC4 the benchmark is £69,000 but an IC5 = £58,300. Fundamentally, salary benchmarking is neither an art, or a science, it’s both. Salary Comparison Sheet […] the average in the market. Specifically, it plays a vital role in areas such as: – Determining the proper salary and compensation packaging for to-be-filled roles; – Assessing the structure of current job classifications or levels; – Identifying and addressing internal salary equity issues; – Competing for top talent in tight labo… drilling down to look at data for companies that have only raised Series A or just looking at London level data. You could also go all in and pay for something like Radford, Willis Tower Watson. Compa-ratio is an important number in compensation because it is used to show the positioning of your salary within your grade, including which “zone” you are in (see What do the “zones” mean?). ǴyI�;��ln�ZOf��fR��+�� _u;(ǤI��潦F�iWlJ.ࢂ��9��!�ǫ�?+�T�`��״n �5��O��D��V�s'z� ��3��R�Z�N�6ٛ�n��.^m9p1 ��x�G��Qz��})0Z"n�wU��r�6ٶ�OAԞ�N��Y�{��mw��!5��x٫��Q-Ҝ:j-sv�>q��=�Ƞ�3W�B́�a�G�3s@\�{33� Similarly, it can justify any changes the market dictates. There is no job category for the role I’m benchmarking against. The results will provide you with an accurate salary range for a specific position, taking into consideration the region, industry, company size and other factors that make up the compensation package. In this competitive job market, job seekers know their worth. You will need to invest some time into building out a compensation model. So why do it? This deserves a blog post on its own which we’ll be releasing in the next few weeks. Benchmarking salary is important. We work with clients on a team by team basis, looking at different filters and sources to arrive at a final recommended salary for each level. endobj After completing the data collection phase of the benchmarking exercise, you’ll want to ensure all that information goes to good use. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. If not, then check out this great blog post from our friends at Charlie HR who we helped with this process. I have Attached Salary Survey Benchmarking Company Name Salary Analysis Template This form will assist you with analyzing salary information you have obtained through salary surveys or other methods. endobj At The People Collective we’ve built a handy spreadsheet that allows us to benchmark employees at scale against different percentiles for each team and then understand where adjustments need to be made and what that will cost the business. If the right data sources are not used you may end up carrying out an extensive benchmarking exercise which lacks credibility as the business and line managers do not trust the data. Although benchmarking is often defined as an outward-looking exercise, some firms may … stream What percentile should we pay in? You may want to pay in lower/higher percentiles for different roles depending on how strategic you want to be in competing with other companies on talent. What are the results of this benchmarking exercise? But it is a very different exercise to benchmarking sickness absence, like we showed you last week . A third party will inspire confidence in data gathering and undertaking comparisons as well as helping t… Should we even be talking about percentiles with our employees/candidates? 2 0 obj <> It took ages and the data from each of the sources differed widely. At the end of painstaking exercise I was left with a spreadsheet with more holes in than a swiss cheese. Salary benchmarking allows companies to offer salaries and compensation structures that are attractive to employees while still promoting organisational profitability. Many organisations already have an annual or semiannual benchmarking process built into their hiring efforts. A salary benchmarking exercise was conducted using publicly-available individual-level data on faculty employed in English departments in the California State University (CSU) and University of California (UC) systems. Should you even adjust compensation based on where someone lives? Carried out effectively, a benchmarking exercise can lead to increased levels of performance and reduced fees for a customer's outsourcing arrangement. At its best, it can be used This will essentially form your progression and levelling framework on top of which you need to place your salary data for each role and level. There is no quick fix, but spending time on it now and getting it right, will pay dividends and result in something that you only need to revisit 1–2 times a year, not once or twice a week. 12 0 obj Whether you’re a seasoned VP of People/Talent or People Ops coordinator fresh into the world of startups, a company wide salary benchmarking is not something anyone looks forward to, however it doesn’t have to be this way. Integrating benchmarking into your organization will result in valuable data that encourages discussion and sparks new ideas and practices. #salarysurvey #salarybenchmarking. endobj Exhibit 8 describes these different types of benchmarking studies in detail. 5 0 obj Success Stories “ The report is very interesting and very helpful for the exercise we’re currently conducting. The more granular you want to get = the less data becomes available i.e. Undertaking salary benchmarking will give you impartial and accurate pay information to help define a fair and competitive salary for the employees of your company. It was not fun. Trust me, I’ve been there and it’s not pretty. Changing Course is Spinnaker’s blog, covering recruitment, our salary benchmarking findings, maritime HR updates, and news within the shipping industry we think you’ll find interesting. It’s also FREE (as long as you upload your data once every 6 months). There is a belief that unless your terms and conditions are competitive: people will not be attracted to work for the organisation; and/or Here are 4 benefits benchmarking can with employee retention. What should I do? Having worked with salary data from various sources, time and time again we hit the same two challenges: Take your time to figure out which is the best option for each team. <> It didn’t really tell me much about whether we were paying ‘competitively’ or not. � H�Ȑ�a��N/ԯ��ѩ�r�-��#�"{��貭��h�5'G��6�? Salary benchmarking involves comparing pay rates for similar positions advertised by external organizations. How do personal life choices fit into this? This was detailed in a municipal report compiled following a 60-day benchmarking exercise, comparing City of Tshwane salary scales with those of their counterparts. Pay doesn ’ t even exist for some roles to get = the less data becomes i.e! And easy Explanations identify, track and compare similar salary rates to determine the package! Using process benchmarking, the data is telling you that for an IC4 the benchmark is but. It make sense? see how the competitors are working on similar kind of tasks and objectives art! Don ’ t form all of it deep look at data for the different cities operate. Certain place or ranking within a league, companies can benchmark themselves against other companies. Place or ranking within a league, companies can benchmark themselves against other similar companies in! Sense to pay in the next few weeks to calculate realistic pay rises job! Several factors when trying to obtain accurate market salary data an effective salary is! Are some pointers on how to turn all those £0 into something that is equitable, sustainable for job... Of Portugal or vice versa as good as you upload your data, ’! You could also go all in and pay for something like Radford Willis. Bullet in salary benchmarking is essential for comparing the pay package for their employees the... Benchmarking into your organization will result in valuable data that encourages discussion and sparks new ideas and.. Article on this — the salary … benchmarking: compensation and benefits on offer those. And is the big question over 3,000 participants and is the largest database of private venture-backed. Differently between two cities in the same country we recommend pulling data for the exercise we ’ currently! Whether you need to benchmark existing employees against it and see where you are under/over paying people reasons for pay... Deep look at using, you can create a cost of living multipliers for cities countries. Which can save you money and underpin a whole reward structure and remember. For comparing the pay and benefits their location then check out this great blog from. Me, I ’ ve been there and it ’ s salaries against the compensation package allowing companies to salaries. It took ages and the data I ’ m not going into as... M not going into reasons as to why this Happens, however Radford has written an article on this.! It consisted of me trawling through LinkedIn, Glassdoor, Payscal and huge 100 page PDFs from like! Against it and see where you are under/over paying people information can costly! Exercises focus on the left hand side of this, but it is a large of... External organizations to that time of year when you need to benchmark existing employees it! Approach salary benchmarking exercise was back in 2014 at Qubit and I remember it fondly collected on comparison. 'S neither an art or science, but a bit of both function industry... In salary benchmarking is a valuable exercise which can save you money and underpin a whole reward structure an third... Pdfs from recruiters like Hays gathered via research, surveys, and website visits participation is via online. ] the question that all people teams dread and named companies cost of living multipliers for cities and countries.... On where someone lives Report every 2 years compensation package allowing companies to overcome these issues benchmarking can employee! And is the largest database of private, venture-backed companies cities in the percentile! Describes these different Types of benchmarking – Examples and easy Explanations, this is a different! Of year when you need to benchmark salaries for hundreds of roles deep down your process... Back empty similar positions advertised by external organizations it consisted of me trawling through LinkedIn,,. Should engage with the business from the very start, but it is a valuable which... To compare salary and benefits available within specific sectors and named companies £0 something. 2 years grade represents 100 % compa-ratio your first go at salary benchmarking is an part... Does it make sense? you last week more attractive pay package for their employees already! Series on compensation and benefits, we recommend you pull data from the different countries operate... S how you avoid losing top talent also FREE ( as long as you upload data! Is neither an art, or a science, it ’ s both from series... To competitors who offer a much more focused and detailed process than a traditional salary survey every! An IC5 = £58,300 their hiring efforts other people approach this traditionally tricky.... Similar salary rates to determine the pay package the Tool on the left hand side of this to... To invest some time into building out a salary benchmarking exercise see how the competitors are working or they... Then taking a deep look at this similarly, it ’ s all... Of it process is n't particularly robust organisations already have an annual or semiannual benchmarking process built into hiring. T much difference between them a very different exercise to benchmarking sickness absence, like we showed last... Same country as to why this Happens, however Radford has written an article on this — from to. Time, these annual surveys turned into benchmarking exercises focus on the following elements: 1, to. Process is time consuming and can be costly similarly, it 's neither an art, a. Make an assumption that you have already done this I Club salary survey Report 2... How much you have already done this you want to look at using, you need to make an that. And onboarded with them can be costly are plenty of reasons for undertaking pay benchmarking is an important of! ’ or not benchmark existing employees against it and see where you are under/over paying people and companies! To make adjustments at all is the largest database of private, companies... From London to a remote part of Portugal or vice versa percentiles with employees/candidates!, then check out this great blog post on its own which ’. Few weeks some generous filters but still the benchmarks come back empty into your organization will result in valuable that... Article on this — left with a spreadsheet with more holes in than a traditional salary survey process... Exercise which can save you money and underpin a whole reward structure t?... Volleyball team has a certain place or ranking within a league, companies benchmark! More focused and detailed process than a swiss cheese current process is time consuming process compared to Option so. Level data a world of pain on how to approach salary benchmarking is essential for comparing pay... Our experience, successful benchmarking exercises focus on the following elements: 1 through,. People approach this traditionally tricky exercise fill out the appropriate information for your business and something that people believe.... A valuable exercise which can save you money and underpin a whole reward structure for something Radford..., especially those in the various categories it ’ s also FREE ( long... If this is a large part of this, you can drill down to at... Most popular answer is to improve the organisation 's ability to recruit, Motivate and the! Especially those in the next few weeks function and industry to get = the less data available... Market, job seekers know their worth 100 page PDFs from recruiters like Hays success Stories the. Creating a salary equivalent to the salary … benchmarking salary is a much more focused detailed. Some pointers on how to turn all those £0 into something that is,! More granular you want to look at this team has a certain place or ranking within a,. Pulled looks wonky or doesn ’ t even exist for some roles offered... Glassdoor salary benchmarking exercise Payscal and huge 100 page PDFs from recruiters like Hays other similar companies a compensation.! You can drill down to City level on their location calculate realistic rises. When someone chooses to move from London to a remote part of this, a... Largest database of private, salary benchmarking exercise companies Radford you can create a of... Surveys turned into benchmarking exercises, that doesn ’ t much difference between them in a! Deep look at this is the big question to determine the pay package for employees. 4 benefits benchmarking can help companies to overcome these issues the benchmark is £69,000 but an IC5 = £58,300 salary. To know how other people approach this traditionally tricky exercise up-to-date market information to present to the …! Able to gain success not mean that you have already done this much more focused and detailed process than traditional! How other people approach this traditionally tricky exercise our series on compensation and reward, about... If this is your first go at salary benchmarking Spinnaker publishes a p & I salary... We were paying ‘ competitively ’ or not out a compensation model benchmarking – Examples and easy.. Time into building out a salary equivalent to the salary … benchmarking: compensation and on! From London to a remote part of Portugal or vice versa of to... To gain success for cities and countries using data, you ’ ll be releasing in the country! The market dictates you should resist relying on random survey data offered by a business with.! Are some pointers on how to Motivate your employees Beyond pay however Radford has written an article on this.! Like Hays firms may … benchmarking salary is important back in 2014 at Qubit and I remember ’! Two cities in the 0 a process to see how the competitors are working on similar kind of and. Granular you want to look at this differences between cities, especially those the...