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Salary Surveys
Salary ranges are still foremost in the minds of most employees. We all want to be compensated fairly for the work we do. But how do you know if the salaries your organization offers are in line with other employers? You can review or conduct a salary survey. A salary survey is a compilation of relevant salary and market data for similar positions.
Make sure any salary survey you are using to determine compensation levels in your organization includes
- Job titles and duties
- Requirements
- Geographic location, Organization size.
- Industry and type of organization
Job titles and duties
When using a salary survey to determine compensation levels, be certain you are comparing apples to apples! Don’t compare an entry-level administrative assistant to a CEO. Take care to first narrow your survey by job title and then further refine it by reviewing the job duties for each of your search results. Evaluate jobs that have similar duties.
Requirements
When you are comparing jobs, take a look at the education, experience, and special skills requirements for the position. Take salary information from positions that have comparable job requirements.
Geographic location
Salaries can vary widely from province to province and even between cities in the same province due to factors such as cost of living, housing prices, and community appeal. When conducting a salary survey, be sure to look at the comparable positions that currently exist within your region.
Industry and type of organization
It’s no secret that private oil and gas companies have different compensation structures compared to not for profit organizations. Industry and organizational structure have a significant influence on salaries so review salaries from organizations that are similar to your own.
Organization size
Organization size will affect salary amounts even when comparing similar companies within the same industry. Generally speaking, larger companies tend to pay higher salaries than small businesses. When looking at salaries, take a few minutes to determine the size of the company and make sure it is comparable to your own.
Salary surveys are a great tool to determine where your organization’s compensation structure stands within your particular industry. We can help by designing a survey that gives you exactly the information you need to determine how the salary ranges in your organization compare to others across your industry. We use a combination of online research, face to face meetings, and statistical analysis to compile the most accurate and relevant survey possible. Contact us today to find out how we can help with your salary survey!
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