Before proceeding to the actual data collection, the company must first set the parameters (time period, budget allocation) the company is willing to invest in this exercise.
Companies generally opt to conduct salary survey to better gauge their position vis-à-vis their direct competitors in relation to the limited labour market they all scout from.
It has happened to most of us – disgruntled, demotivated employees come up to us complaining that they are being paid below the average market rates.
When we think of ‘job evaluation’, a bureaucratic system, combined with complex job descriptions, a point system and factors come to mind.
Recruiting is a topic of particular interest today. Let us put this in a bigger picture: Malta has an unemployment rate of four per cent, leading to a tight labour market, and the nature of work is changing.
Everyone looks forward and expects a pay rise throughout the year. That simple increase to an employee’s salary is the result of a delicate process called a pay review.
Another way of attracting new employees and retaining your top, experienced talent is by providing an attractive employee benefit package.
