Salary benchmarking

Leverage bespoke and independent reporting that contains the insights, real-time data and recommendations you need to formulate the best remuneration strategy for your organisation.

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Design salary frameworks that pay off

In a competitive market, understanding what to pay – and where to find the right talent – is critical. Our Pay & Reward Benchmarking services give you the clarity and confidence to make informed decisions that attract, retain, and reward the people who power your business.

Unlike automated tools, we take a consultative approach to deliver a definitive salary benchmark service. Our in-house researchers analyse your roles in context, considering size, sector, and structure, to deliver accurate, tailored salary data. Combined with our Talent Analytics, you’ll gain a complete picture of the skills landscape: who you’re competing with, where talent is located, and what it costs to secure it.

Whether you’re creating new roles, planning a restructure, or shaping your long-term workforce strategy, we provide the insight you need to stay ahead.

  • An established insight


    We have an extensive track record of producing in-depth, bespoke salary benchmarking reports that have enabled clients to develop attraction strategies for future recruitment needs, improve employee attraction and retention rates and inform change and organizational restructuring.

  • A market-leading methodology

    The Hays methodology brings independence to any review, as well as robust evidence of what others in the market are doing both now and in the future. This information will enable you to make sound decisions around developing the most appropriate and competitive benefit structure for your organization.

  • Contact us to talk about our salary benchmarking service

    Get in touch today to keep your remuneration strategy competitive

How salary benchmarking can benefit your business

  • Right skills, right price

    Engaging an independent provider to build competitive reward strategy not only demonstrates a commitment to fair and equitable pay, but also enables you to make sound decisions around developing the most appropriate and competitive pay and benefit structure for your organisation.

  • Data-driven decision making

    Our salary benchmarking solution provides you with bespoke and independent reporting that contains the insights, real-time data and recommendations you need to formulate the best remuneration strategy for the skills you need.

     

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Salary benchmarking tailored to your business

We offer an independent review that’s underpinned by our unique methodology to provide robust evidence of what others in the market are doing both now and in the future.

Conducted by a dedicated research team, we provide tangible information about specific and up-to-date remuneration from the most relevant peers to your organisation, whether that be public, private, not-for-profit or internationally.

Not an off-the-shelf product, but a tailored review based on appropriate data sets, our service is agile enough to consider scale, size and structure, as well as nuances in the industry.

A solution for every workforce challenge

Pay & Reward Benchmarking FAQs

Salary benchmarking is essential whenever you need clarity on pay structures to remain competitive and compliant.

Common scenarios include:

  • Creating new roles: ensure your salary offer is aligned with market expectations to attract the right talent from day one.
  • Organisational redesign or transformation: validate that revised roles and responsibilities are matched with fair and competitive compensation.
  • Pay equity and compliance: identify and address internal pay gaps to support diversity, equity, and inclusion goals.
  • Annual pay reviews: use accurate, up-to-date data to inform salary adjustments and retain top performers.

Our benchmarking reports are tailored to your organisation’s context, considering sector, size, and role complexity – not just generic job titles.

Spending time on salary benchmarking and ensuring you formulate a well-researched and comprehensive salary and benefit strategy can pay dividends, meaning you should only need to do it once or twice a year. However, this frequency may need increase in line with any market or economic shifts that impact the employment market.

Talk to Hays: Find out how we can help

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