EXPERTS IN EXECUTIVE SEARCH AND HR CONSULTING
CLIENT SERVICES
SALARY BENCHMARKING & SURVEYS
The Lucas Group conducts industry-specific salary surveys so you can make informed business decisions, attract and retain key talent and provide a basis for staff salary negotiations.
We can conduct industry specific salary surveys so you can make informed business decisions, attract and retain key talent and provide a basis for staff salary negotiations.
Salary Benchmarking
Salary benchmarking, also called remuneration benchmarking, is the process by which internal job descriptions are matched to external jobs with similar responsibilities to identify the market rate for each position.
Benchmarking provides a sound understanding of salary and employment trends, and can help you to make informed and effective pay decisions including hiring, promotions, salary adjustments, and staff remuneration budget planning.
Many factors such as geographic location, company size, and education level factor into salary levels and must be considered.
We are able to design and execute either a bespoke candidate survey or desktop survey to help guide your decision making.
The research option that will best suit is likely to come back to the research problem we are trying to address, and the information you require.
Bespoke Candidate Survey
- A series of tailored questions asked to validated candidates
- Sample size tailored to ensure statistical significance
- The inclusion of questions relating to required custom demographics
Desktop Survey
- Review of validated candidate data from past 12-18 months
- Sample size dependent on role type and availability of information
- No further validation or ability to confirm other demographics