Remuneration and Salary Benchmarking

As we near the end of the financial year, many organisations are beginning their salary review process. With the market constantly evolving, it's crucial for organisations to have precise salary information to attract and retain top talent.
In this video, Trudy delves into the current volatile market and emphasises the importance of avoiding "knee-jerk" reactions that may lead to overpaying and irreversible consequences.
To ensure accuracy, it's critical to establish salary bands for each role level using data from multiple sources. Additionally, organisations must have a clear understanding of their remuneration strategy and how to effectively communicate total rewards to their employees.