Pay benchmarking
Obtain reliable market data and create pay structures to guide fair and transparent pay decisions
Pay benchmarking
Make informed pay decisions with robust, reliable benchmarking data. Accurate market insight helps organisations address historic anomalies, develop effective pay structures, manage pay budgets wisely, and remain competitive in attracting and retaining talent.
We support the entire pay benchmarking process. We work with you to identify the most appropriate survey sources for your roles and sector, drawing on our experience with a wide range of survey methodologies and providers. We then undertake careful role matching on your behalf to ensure the data is as accurate and meaningful as possible.
We thoroughly analyse the data and produce tailored benchmarking reports that are clear, practical and easy to interpret. Our reports provide insight into your overall market position, highlight areas of potential risk or inconsistency, and model the indicative cost of moving towards your desired market stance.
We can also tailor the analysis to your organisation’s priorities, for example by department, geography, job family or gender. For senior leadership roles, our executive benchmarking services provide a more detailed review of the executive remuneration landscape, including individual package analysis and recommendations to support Board and Remuneration Committee decision-making.
Pay structures
Turn complex market data into a clear and practical pay structure that supports consistency, transparency and better reward decision-making. This enables greater pay transparency.
Pay structures can take many forms, from narrow graded ranges to broad bands aligned to career levels with zones or market reference points. Whatever the approach, they provide managers with a consistent framework for making reward decisions while helping employees understand how their pay has been positioned and how it may progress over time.
A well-designed framework also reduces reliance on obtaining fresh market data every time a role changes or is created, making reward management simpler, more efficient and easier to govern.
We guide organisations through the key decisions involved in developing a pay structure, including market positioning, pay progression principles, manager accountability, and transparency. We then analyse your benchmarking data to design a logical and sustainable structure, supported by clear implementation cost modelling.
Alongside the technical design, we also support the successful rollout of new pay structures through pay policies, employee communications, manager training, webinars and Q&A materials. This helps ensure the changes are understood, trusted and implemented effectively.
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FAQS
Salary benchmarking is the process of comparing your pay levels against relevant market data to understand how competitive your reward offering is for different roles.
It helps organisations make informed and consistent pay decisions, remain competitive in attracting and retaining talent, and address potential pay gaps or historic anomalies.
It involves matching roles to relevant market surveys, analysing the data against your current pay position, and using the insights to inform pay decisions and pay structures.
Having a clear and explainable approach to pay is a foundation for pay equality and trust in reward. This aligns with the EU Pay Transparency directive and draft UK Equality (Race and Disability) Bill.
Feedback
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our client feedback
our client feedback
“We worked with Verditer to develop an entirely new approach to pay. Our complex structure includes charity and commercial companies, and Verditer fully understood this and gave us real confidence in the outcomes. A pleasure to work with, Verditer gave us a new pay system we can confidently introduce to the organisation.”
Nicola Spencer, Group Resources Director
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“We used Verditer to introduce a new reward strategy, including a bonus scheme and pay benchmarking. The team were insightful, commercial and really ‘got us’, creating a bespoke strategy that met our specific requirements and excellently guided our implementation. We would highly recommend.”