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Salary Benchmarking

Author: Moe Harrison /Tuesday, December 03, 2013/Categories: SNI Companies, SNI Financial, SNI Certes, SNI Technology, Accounting Now, Staffing Now

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Determining what to pay employees is a two-sided coin. Employers want to pay employees enough to help them to feel valued and avoid them looking for a better offer. But employers are also concerned with over paying employees to the point of unnecessarily inflating payroll and effecting organizational profitability. The best way to work out what you should be paying your employees is to benchmark salaries with other companies that have similar roles by reviewing salary survey data. This ensures that your pay rates are competitive enough to attract and retain high-quality employees without being overly inflated.

For 10 years SNI has published a National Salary Guide. Our guide provides market data for the following industries: General Accounting and Finance, Tax, Internal/External Audit, Administrative and Office, and Information Technology. Specific data is available for the following locations: Atlanta, Chicago, Connecticut/Massachusetts, DC/Virginia/Maryland, Denver, Minneapolis, New Jersey/Philadelphia, Florida: Boca Raton, Ft. Lauderdale, Jacksonville, Miami, Orlando, Tampa and West Palm Beach, Texas: Dallas and Houston.

The data can be viewed by large, medium and small companies.

The guide provides ranges of pay for key positions, from the lowest to the highest current rates. Employers can use our Guide to decide at which level to set your company pay scales. If your goal is to attract top talent, you may opt to set your pay rates in the upper quartile. However, if you are attempting to compete with low cost providers, you may prefer to choose a salary range that sits in the middle of current market rates. More than 80 percent of business managers and HR professionals said their companies either participate in or purchase at least one salary survey each year, according to a Salary.com poll.

If you are looking for a solid source for specialized and specific salary data to help you set and evaluate your salary ranges, consider using the 2014 SNI Salary Guide.

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Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

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36 comments on article "Salary Benchmarking"

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superior

10/13/2018 12:53 AM

Bench mark of the salary is carried out for the factorial analysis of the things. The role of the factors and is providing all the sources of the data for the functions for all intelligent individuals.



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1/15/2020 3:16 AM

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Pool

4/21/2020 7:33 AM

Great insight here. I will say things are changing. Employees are realizing their worth and with all the opportunities they aren't settling.


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https://hoffnerheatingandair.com/

4/21/2020 7:36 AM

I think it's crazy to look back even 7 years ago and see how much salary has changed. Expectations have gone up and people are refusing to settle for less.


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polymerclay

5/7/2020 5:12 PM

the projectwaladude broke the comments.


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Calvyn Lee

5/10/2020 5:42 AM

Do you know how much a digital marketing trainer salary was?




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6/20/2020 10:24 AM

stop breaking the comments please,


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fix

6/20/2020 10:30 AM

yeah. but the closing tag needs to be added at the name field,


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us

7/31/2020 6:33 PM

Thanks for this great info.


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10/13/2020 6:35 PM

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10/13/2020 7:17 PM

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10/14/2020 6:06 PM

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toilet repair

10/17/2020 4:50 AM

I feel like these days, a salary guide doesn't work. The pandemic has ensured that people are more willing to settle for lower salaries, and so businesses are able to offer lower and lower compensation.


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faceforpc

10/30/2020 12:40 AM

thanks.


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landscaping

11/5/2020 10:55 PM

I agree with this, it's a win-win for both parties.


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Roofing

11/5/2020 11:05 PM

This information is then used to calculate the average salary for specific roles within an organization. It also depends on so many factors needed to be considered.


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junk cars

11/5/2020 11:10 PM

We are also using this method in paying our employees


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scrap car

11/5/2020 11:17 PM

This is a vital tool when hiring employees.


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Towing

11/5/2020 11:21 PM

This is great information! I am starting a new business and I will be applying the knowledge I gained out from this article. Thanks




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Ryan LaFave

11/30/2020 6:00 AM

AC Repair Company Racine


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Ryan LaFave

11/30/2020 6:01 AM

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