Using the right salary information is essential to attracting and retaining the right people for your organization. Through our expertise in Total Rewards, The Wynford Group has been helping Canadian organizations develop salary and other compensation solutions for over 20 years.
An organization's most important and valuable asset is its employees. When it comes to attracting and retaining top talent, providing fair compensation is instrumental.
One tool that can help you create a competitive compensation package is a salary survey. There are several reasons why a salary survey is essential as you plan your recruitment and retention strategy
Our Canadian Salary Surveys (IAT)® program is one of Canada's most comprehensive compensation surveys, and will be an essential tool in your Total Rewards strategy. We do more than just collect data for these surveys; we conduct extensive competitive, economic, and Total Rewards research to ensure that organizations are provided with the most market-accurate information possible.
Surveys
Technical
Professional & Administrative
Supply Chain & Manufacturing
Contact Centre
Executive / Director
Construction
Mining
Specialized Sectors
Why You Need Salary Surveys
An organization's most important and valuable asset is its employees. When it comes to attracting and retaining top talent, providing fair compensation is instrumental.
One tool that can help you create a competitive compensation package is a salary survey. There are several reasons why a salary survey is essential as you plan your recruitment and retention strategy
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Ensures employees are fairly paid - A key factor for employees leaving an organization is that they can receive a better salary, bonus, paid time off, or other benefits at another organization. A salary survey can help mitigate that risk. |
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Provides defensible data - Reputable survey vendors provide a clear, documented, and shareable methodology with proven processes employed to collect, validate, protect and report data. Additionally, participant lists for a salary survey should be analyzed in order to understand which organizations you are comparing against. All of this helps to establish credibility in your decision making in the boardroom and more importantly when communicating with employees. |
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Helps you recruit and retain the best employees - With the right compensation structure for each role, you can better attract the top candidates to your team. By regularly reviewing salary surveys, you can confirm that you are offering strong total rewards package that will retain employees for longer. |
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Helps employers design a total rewards compensation package - A total rewards approach to compensation is crucial to genuinely engage and motivate your employees. A salary survey is a key tool in creating that building that structure for your employees. |
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Creates a culture of consistency and transparency - When you are open about participating in compensation surveys, your employees can trust that you have a solid understanding of the market. In addition, consistent participation makes the process of determining compensation transparent to employees. |
For more information about the Wynford Surveys Features Update, click here.
