See how Adecco can support your overall workforce management.
Define Objectives: Clear understanding of organizations goals and main objectives for the salary benchmarking. Consultation on specific job roles or positions to benchmark and outcomes that the firm aims to achieve.
Select the job role/ function/ industry: Communication on job descriptions, responsibilities, qualifications, and any unique factors that differentiate the position/ function from others in the market.
Market Research: At Adecco we analyze market insights based on our local expertise of specialized recruitment consultants who are industry experts. Along with our global strengths of market research and analyses.
Data Collection & Analysis: We begin collecting the data insights and analyzing them based on our market research. At this stage we also connect with our client to understand if there are any parameters required to be added in the reporting.
Benchmarking Report: A detailed salary benchmark report is submitted to the client followed by a meeting to discuss on the key highlights and recommendations.
Comparison & Analysis: Clear communication on the benchmarking report is discussed with client with details on organization’s current compensation structures. We support firms to analyze the data and identify any gaps or discrepancies.
Recommendations: Our expert recruitment consultants share recommendations aligned with market rates and industry standards.
Strategic Planning & Implementation: We also support clients to develop a compensation strategy that outlines how you plan to implement the recommended changes. Along with factors like budget constraints, employee morale, and the competitive positioning of compensation packages.
By providing in-depth insights into market dynamics, supporting informed decision-making, and understanding candidate expectations, we empower organizations to stay ahead of the curve, attract top talent, and achieve long-term success.