CORE Compensation Research

Reliable compensation and benefits survey data is now more important than ever. Such information is essential for building a consistent pay strategy, which ensures external competitiveness and internal equity. Our precise data collection and validation processes, coupled with the depth of our database, guarantee the delivery of high-quality data and a reliable reporting system.

 

CORE Compensation Research will help you to:

 

- Get a better understanding of local market salary & remuneration trends
- Attract, support and retain employees within the context of your company’s overall HR strategy
- Efficiently plan your HR budget
- Ensure that your top performers and key talents have attractive compensation packages


INDUSTRY COVERAGE

 

General industry survey covering:
- Consumer Goods   
- Manufacturing
- High-Tech
- Retail
- Automotive and other sectors


Specific Industry Surveys:
- Banking Sector Survey
- Pharmaceutical Sector Survey
- Retail Sector Survey

 

METHODOLOGY

 

Core Compensation Research for job matching purposes, uses our international Global Professional System (GPS), a simple and user-friendly tool, which is designed to analyse and classify roles within an organization.

GPS defines the role’s market value by the two different variables:

- Professional complexity: role type and professional level;
- Company complexity: complexity of the organization in which the role operates.

The two variables are crossed to determine the compensation class, a set of roles of similar complexity.

They provide a compensation reference for comparison with the external market.

 

PROFESSIONAL AREAS AND DISCIPLINES

 

Core Compensation Research covers 18 professional sectors, 85 disciplines and over 345 benchmark positions, from executive to the most junior level within the organization, in the following professional areas:
 
• General Management
• Accounting, Finance & Control
• Customer Service
• Sales
• Marketing
• Public Relation & Communication
• Information Systems
• Legal
• Human Resources
• Support & Secretary
• General Services
• Supply Chain
• Engineering
• Production/ Operations
• Quality
• Research & Development
• Environment, Health & Safety
• Project Management
 


CORE COMPENSATION RESEARCH - PAY ELEMENTS

 

Annual Base Salary - Monthly base salary times the number of months guaranteed

Total Annual Guaranteed Cash - Annual base salary plus other additional fixed payments or legally required cash payments.

Annual Total Cash - Annual guaranteed cash plus variable incentives (actual and target).

 

CORE COMPENSATION RESEARCH - STATISTICS

 

25th Percentile - The data point that is higher than 25% of all other data in the sample when ranked from low to high. Also known as the first quartile or lower quartile.
Average - The sum of all data reported divided by the number of observations in the sample. Also known as mean.
Median - The data point that is higher than 50% of all other data in the sample when ranked from low to high. Also known as the 50th percentile.
75th Percentile - The data point that is higher than 75% of all other data in the sample when ranked from low to high. Also known as the third quartile or upper quartile.

 

REPORT TYPES

 

GENERAL STANDARD REPORT
- Sample overview
- Benchmark reports using position title with data clustering by the following criteria:

   - Industry
   - Region
   - Company size

- Job family and Career level reports
- Market Policy, Practice and Benefits Report


CUSTOMIZED REPORT

- Company data comparison to predefined market refinements by:
  - Industry
  - Region
  - Company size

- Company data will be compared to the selected sample by position title, job family and career level.


PEER GROUP REPORT

- Company data comparison to selected peer group of minimum 10 companies.
- Company data will be compared to the selected sample by position title, job family and career level.

 

 

For more information please contact
ksenija.rakic@odmconsulting.com or stefan.vukajlovic@odmconsulting.com

 

 

 

 

CORE Compensation Research

CLOSE