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A good compensation system is essential for an effective motivation of employees at workplace and for making the company attractive to potential employees. The PayWell salary and benefits survey report is a tool created to help HR professionals and decision-makers in companies to develop competitive HR policies that will attract, motivate and retain talent and support the business strategy.
PayWell salary and benefits survey report provides specific information relating to the following three key areas:
PayWell Report is an important tool that helps companies wishing to recruit, retain and motivate high-quality staff.
The PayWell salary survey report presents detailed salary statistics of the analyzed job. The following information will be presented:
Salary data will be presented as mean, median, lower and upper quartiles, 10 and 90 percentiles in accordance with confidentiality rules.
The compensation and benefits analysis covers the following sections:
PayWell is a salary benchmark survey, which PwC has been conducting in the Mongolian market among Mongolian and multinational companies since 2010 and provides you with reliable information on base salary, variable pay and benefits of more than 150 positions in various sectors, as well as comprehensive information on HR policies practiced by Mongolian companies.
PayWell survey report is helpful in the process of reviewing the company’s remuneration strategy, preparing the budget, calculating staff costs, setting-up the salary structure and salary levels, identifying in-kind incentives, finding solutions for tax optimization or investigating a relationship between remuneration and employee performance. It is an important tool that helps companies wishing to recruit, retain and motivate high-quality staff.
The PayWell survey report allows the comparison of salaries across sectors and job positions. It is an excellent tool to help you to create a successful remuneration strategy.
All information about each participant obtained from the Survey is treated as strictly confidential. Each questionnaire for data input will be protected with a code. Remuneration data will relate to coded benchmark job titles, without any mention of the jobholder’s name.
The received data will be statistically analyzed and presented in the report as a summary. Confidentiality rules will ensure that no individual data will be visible in the report. Below you can find confidentiality rules and regulations:
Academy Leader, PwC Mongolia
Tel: +976 70009089