How to benchmark salaries

The best and most cost effective way to benchmark salaries is to work with your recruitment suppliers. They are speaking with candidates and your competitors every day and can give you the correct steer on salary information and what to pay to attract the best. Good suppliers may even produce annual reports that they can share with you; these may otherwise cost thousands if you use a supplier just for this. You don’t always need to pay above industry average to get the best talent. It can be that you have great benefits, a great working environment or a high performing team for them to join, that makes the difference.

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