Salary benchmarking vital for success
Salary benchmarking helps companies assess if their senior executives' compensation aligns with market standards, aiding in both retaining talent and demonstrating value to shareholders. This process involves a detailed analysis of salary and benefits, often requiring external expertise to effectively interpret data from public company reports. By comparing remuneration packages across industries and roles, salary benchmarking offers insights into sector-specific pay variations and helps businesses make informed compensation decisions.
