en

Candidates

Together, we’ll map out career-defining, life-changing pathways to achieve your ambitions. Browse our range of services, advice, and resources.

Learn more

Find us on WeChat

Visit our WeChat Official Account for more Career Advice

Read more
Jobs

Our industry specialists will listen to your aspirations and share your story with the most prestigious organisations in China. Together, let’s write the next chapter of your career.

See all jobs
Candidates

Together, we’ll map out career-defining, life-changing pathways to achieve your ambitions. Browse our range of services, advice, and resources.

Learn more

Find us on WeChat

Visit our WeChat Official Account for more Career Advice

Read more
Services

China's leading employers trust us to deliver fast, efficient hiring solutions that are tailored to their exact requirements. Browse our range of bespoke services and resources.

Read more
Insights

Whether you’re seeking to hire talent or seeking a new career move for yourself, we have the latest facts, trends and inspiration you need.

See all resources

Find us on WeChat

Visit our WeChat Official Account for more Market Insights.

Read more
About Robert Walters China

Since our establishment in 2008, our belief remains the same: Building strong relationship with people is vital in a successful partnership.

Learn more

Work for us

Our people are the difference. Hear stories from our people to learn more about a career at Robert Walters China.

Learn more

Why salary benchmarking is vital for success

Salary benchmarking allows companies to establish whether their senior executives’ remuneration packages are in line with the rest of the market. Here, we explore it in more detail.

Why do firms need a salary benchmarking service?

In some cases, they don’t want to risk losing their top executives to offers of better pay packages from competitors. In others, they want to be able to prove to their shareholders in black and white that their senior staff provide value for money. Either way, it can be vitally important to the success of an organisation.

But getting this information can be difficult. At the most senior level, where there are simply fewer roles to compare, it is not widely available.

Salary benchmarking gives a complete breakdown of the compensation package allowing companies to compare salary and benefits available within specific sectors and named companies. So, overall it is a much more exact science than, say, a salary survey.

Gaining access to salary information

For listed businesses, the majority of this information is available publicly within annual company reports. But organisations will typically not have the required resources to analyse the data in the most useful way. Enlisting a third party, such as Robert Walters, to carry out this work can therefore save a lot of time and effort.

What is involved in a salary benchmarking report?

Typically, it will provide a list by company size, sector and revenue. It will also detail the package earned in terms of the value of the basic salary, cash bonus, share bonus, long term incentive plan (LTIPs) and pension of the position in question (be it CEO, COO, CFO or FD).

Establishing sector differences

Pay varies widely depending by sector. For example, two specific businesses from within the scientific & instruments and manufacturing industries, with similar revenues, can pay their CEOs basic salaries quite differently. Salary benchmarking allows organisations to get an idea of these differences.

Salary benchmarking allows companies to establish whether their senior executives’ remuneration packages are in line with the rest of the market.

Establishing compensation breakdown differences

The value of different components of the package can differ greatly. Salary benchmarking considers all aspects of remuneration - including share options and LTIPs - to ensure it gives an accurate reflection of the take-home package.

Comparing with other businesses

Salary benchmarking allows companies to make comparisons of these figures between a large number of other businesses. As part of the analysis, the research can determine the overall mean, as well as lower and upper quartiles, of the value of each component of directors’ overall compensation packages. These gives a clear indication of how their directors’ pay compares with the market.

So what are you waiting for? View our Salary Survey now to benchmark your team's salaries.

Related Solutions

Read more on WeChat
Submit a Vacancy
Salary Survey
Hiring Advice
Get in touch

Find out more by contacting one of our specialist recruitment consultants

Related content

View All

Women returning from career breaks can fill skills gaps

Going back to work after a break to raise a family or for other reasons can seem like a daunting prospect. In these circumstances, many women are concerned that their time away will negatively impact the how they are perceived by potential employers. But with demand for highly skilled workers increa

Read More

Understanding employers' attitudes towards women returning to work

From raising children to pursuing higher education, there are various reasons why women take a career break today. But how do employers view women who wish to re-join the workforce after a career hiatus? Our whitepaper Understanding Employers' Attitudes Towards Women Returning To Work - A Guide for

Read More

The Complete Interview Guide

We’ve been in business for 32 years so we know a thing or two about what it takes to nail a job interview. Drawing on the knowledge of our expert recruiters we’ve developed this comprehensive guide, designed to help you conduct successful interviews and therefore outshine the competition. Regardless

Read More

I'm Robert Walters Are you?

Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.