Salary Survey Template

Blank salary survey template.

Salary Survey Template

What are Salary Surveys?

Salary Surveys are basically a tool used to find out the median or average compensation paid to employees in one or more jobs. In this process, the data collected from several employers is analyzed to determine whether their compensation structures are aligned with industry salaries. It may focus on employer size, one or more job titles, geographic regions, and industries. Salary surveys aim to conduct the comparison of salaries at the company.

The data gathered from a salary survey may include quantifiable aspects such as base salaries, increased percentages or salary ranges and much more. Conducting a survey is a daunting process, and you will not want to miss any crucial step. A template including all the key points can help you to a great extent.

Significance of salary survey

Along with helping in measuring the competitiveness, the salary survey also provides the benchmark information regarding the salaries on the general pay market. It helps in setting the internal compensation policy and optimal salaries to keep the preferred position on the pay market as definite by the compensation strategy. The average salary review percentage and the allowance of the salary growth for each job can be concluded with such survey. Moreover, the survey acts as a tool to determine the key job positions in the organization and the new trends in the compensation and benefits area.

What to include in the survey

• Base salaries
• Increase percentages or amounts
• Merit Increases
• Salary Ranges
• Starting Salary
•  Incentives/Bonuses
• Allowances
• Benefits
• Working Hours

Why Choose HR Expert?

HR management task can be accomplished efficiently with our HR Expert templates. We strive to provide you with a wide range of comprehensive templates to ease up your HR related task. From job descriptions to recruitment, staff appraisals, bonus payment and discipline, we can help you with all the crucial aspects of HR management.