Salary & Reward Benchmarking

Cogito People Insights team completed a discovery phase, working with our client to compile as much information about the business structure, job titles and current salaries. This period was also used to talk to some of the individuals identified in a spotlight role to get a deeper understanding of their current job title, salary, and package and draw out any uniqueness within the function, such as job tasks and skill set required. Cogito also gained valuable insight into what job titles should be, and the pay and benefits from the nine competitors identified.

Using a combination of telephone and desk-based research, the analysis helped to:

Support the annual pay review cycle.
Distinguish current salary bandings compared to that within the market.
Identify appropriate job titles.
Understand current trends in the market concerning pay and benefits.
Help to retain and attract talent.
Make evidence-based decisions upon salary budgeting