PayWell and HR Controlling 2014
To take part in the remuneration study PayWell and benchmarking study HR Controlling you get a valuable tool that can assist you in a human capital management in your organisation. Companies participating in the HR Controlling study will be assessed in the third year of the Leading HR Organisation award.If you are interested in the 2014 results, please contact Patrícia Šimak Badačová, tel.: +421 2 59350 297.
A remuneration system that is properly set is an essential element for motivating employees and making the company attractive for potential job applicants. The interactive PayWell study – a tool for remuneration planning – gives an actual overview of the situation in remuneration on the market, including information and trends relating to HR policy and strategy.
PayWell is a regular remuneration study prepared by PwC. It maps trends in the development of basic and total salaries and employee benefits provided in almost 500 job positions.
Participants in the survey classify job positions in their company according to a job position catalogue, which contains descriptions of standard and sector-specific job positions. We prepare the catalogue together with participants in the survey, and update it every year. The comparability of job positions is ensured by using the Integrating Factor Analysis (IFA) method, which allows individual positions to be objectively assessed and subsequently classified (JOSS levels), depending on a point evaluation, based on factors such as expertise, responsibility, self-activity, and working conditions.
PayWell outputs are available on line as well as on a CD ROM in both Slovak and English. The complete output contains:
PayWell sample outputs:
The survey outputs are an important tool for effective remuneration planning in companies striving to succeed in the competition for recruiting, retaining, and motivating high-quality staff. They are also helpful in reviewing the remuneration strategy (including the classification of job positions), the preparation of the budget for staff costs, the set-up of the salary structure and salary levels, the identification of in-kind incentives, the proposed solutions for tax optimization, or the link between remuneration and evaluation of employee performance. The PayWell study allows salaries in all standard and sector-related positions analysed to be compared. It is an excellent aid for modelling the remuneration strategy in the firm.
Information from the PayWell remuneration survey allows you to understand and plan the position of your company on the labour market by individual positions and level of complexity.