Pretium Compensation Level Survey
How to Align Pay and Benefits with the Latest Market Levels?
The uncertain economic outlook and recent layoffs have prompted companies to adopt a more vigilant approach to total staff costs while refocusing on productivity. Our compensation surveys can help you identify market gaps and prioritize your budget, ensuring competitiveness in this challenging environment.
Compensation Level Survey
The Pretium Compensation Level Survey provides reliable market pay data that serves as a foundation for critical business and compensation decisions. Our benchmarking covers senior management as well as all job levels in frontline and corporate functions to ensure data completeness and representativeness.
In addition to detailed line-by-line market pay data across all roles and job levels, our report offers the following value-added insights:
- Analyses on Comparative Ratios: By comparing the company's compensation data (e.g., fixed pay, total incentives, total compensation) with the market median (P50) for the same role and job level, and converting it into a relative ratio (Company Data ÷ Market Median × 100%), the market competitiveness of each pay component can be quantified.
- Pay and bonus Allocation: By comparing the company's compensation allocation ratios for senior management, front-office, and middle/back-office employees with the market, companies can quickly identify discrepancies in reward distribution. This analysis optimizes the compensation allocation strategies to enhance staff cost efficiency.
- Bonus as Percentage of Monthly Salaries: By benchmarking the company's annual bonus levels (expressed as percentage of monthly salaries) against market data for the same role and job level, this analysis provides a clear view of the market positioning of bonus. It offers data-driven support for companies to design market-competitive annual bonus strategies.
- Compensation Mix: By quantifying the market benchmark ratio between fixed and variable pay, this analysis helps companies design a compensation structure that aligns with strategic objectives. It evaluates the distribution of each compensation component across all front- and back-office job levels. Through comparison with market ratios, it delivers data-driven insights and actionable recommendations to optimize pay strategies.
Our Competitive Edge
- Comprehensive and Accurate Data: Benchmarking incorporates information from both private and publicly listed companies. We employ a multi-pronged data collection approach, which includes custom-designed questionnaires and public disclosures from listed firms.
- Customized Approach: Our highly customized job matching and data analysis distinguish us from other market surveys. Our process considers role requirements, organizational factors (structure, size, growth stage) and business context (complexity, geographic footprint). Leveraging our extensive partnerships with financial institutions, we align market best practices with the specific situations of clients to deliver actionable & forward-looking insights. This systematic yet customized approach provides valuable references for organizations.
- Exclusive Access: Clients receive complimentary access to Pretium events, market insights, and case studies to better tailor people practices at different growth stages and during transformations.
Please contact us at info@pretium-asia.com or call us at +852 3996 7868 to get a copy of the overview and sample report document and questionnaire.