In today’s competitive market, it is vital to keep up to date with salary packages. Knowing what the industry offers is just as important as recognising skills and positions that are in demand. Staying abreast of remuneration trends will help your organisation attract the best talent, equipping you with background knowledge when interviewing potential employees or in salary negotiations.
Understanding salaries also helps retain your existing staff, especially when it comes to performance reviews. It’s important to note, that the overall salary package can also include non-monetary benefits and often it is these elements which can sweeten the deal.