A salary survey is designed to collect the information about the salary records of a particular target group of a people. The information collected is actually from a special target public and is for a particular purpose therefore, the design of the survey is totally dependent upon the particular requirements and the needs which are there to be extracted from that collected information. The salary surveys are not of a universal format therefore they are designed on need based purpose.
The advantage of the salary surveys is that it can be helpful to organize a record for the financial matters and also it will help for the improvement of the salaries and other major economical concerns of the workers along with the record of their individual satisfaction level. The private and public organizations of all the scales actually use these salary surveys for structuring the salary scales of their own organizations. The information is collected from their local market to have an idea about the current positions and the salaries been given for their establishing their own structure of pays.
Actually the employers are objective oriented and for this purpose they are much more interested to pay their employees the salaries as per keeping the market rationale and for this purpose the salary survey is an important tool if it is done in an effective and proper way. These surveys are conducted by the organization itself and for this purpose a specific team is organized with an aim to collect the relevant data from the compatible organizations.
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Conducting a salary survey is not a simpler job, as it needs a proper staff oriented for this survey as well as all the resources in hand to help them in this market survey. Then there are also some social hindrances they may encounter while collecting this information so there must be a remedy designed with them for this as well. The few basic elements that must be kept in mind and for which the survey staff should be trained of are;
- Positions to be surveyed for: The very initial requirement of the survey is to keep a record of all the positions for which the survey is to carry out. The organization should issue a list of all the positions for which the company is interested to have the salaries from the market survey.
- Agency Location: The survey staffs while having the market survey should also locate the national, local, regional and international level of the organizations for the survey. The recruiting is being done locally so the survey should be more preferably of local market.
- The size of organizations: The staffs should also keep in mind the size of the organization for the survey. The data is always acceptable from the compatible organizations of near about the same size.
- The boundaries of public/private/non-profit organizations: The other thing that should be kept in mind is the status of the organizations as public/private or nonprofit organizations along with their salary management processes and quality.
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