SALARY AND RATE BENCHMARKING SERVICES

Stay Ahead with Smarter Pay Insights

At NES Advantage, our experienced team has the expertise to deliver salary/rate benchmarking reports tailored to your needs — whether for an entire region, a specific sector, or your job catalogue.

We analyse market trends and factors influencing candidate salary/rate expectations to help ensure you remain competitive in a crowded marketplace.

How does salary / rate benchmarking help my business?

  • Ensures a fair approach to worker compensation, including the rationale behind pay structures.
  • Helps maintain compliance with pay equity laws and policies. This is vital in regions with strict pay transparency and equity obligations.
  • Data-driven decision making for hiring and retention
  • Peace of mind that you are comparable with industry standards, peer companies and can compete in a crowded marketplace.
  • Delivers transparency and trust among stakeholders.
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Our Salary and Rate Benchmarking Process

The process begins by clearly establishing your objectives and identifying specific research requirements. This includes determining the number and types of roles to be analysed, ensuring the market analysis is tailored to your needs.

Factors to consider include:

  • The level of experience and education required for the position
  • The responsibilities of the position
  • The market value of similar positions in comparable companies

Our specialist Research team initiates a comprehensive data collection procedure. Leveraging multiple trusted sources, we refine and validate the data to deliver accurate, high-quality insights. These are drawn from a diverse range of reputable sources, including:

  • Leading job boards
  • Sector focused salary databases
  • Our own proprietary data and research
  • Sector-specific publications
  • Expert intelligence from NES Advantage consultants

Our team of subject matter experts conduct a thorough compensation review to ensure the accuracy, clarity, and overall quality of the insights provided. The final version is submitted for approval by the Executive Sponsor, ensuring alignment with your strategic objectives and stakeholder expectations.

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Contact us to learn how our insights can support your hiring strategy and keep you competitive. 

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