Salary scale overview from Smart Solutions
Since the start of a full-scale war, Ukrainian labor market has been experiencing tough times. Economic challenges have led to fluctuations in wages. Both applicants and employers face problems. How can businesses retain qualified staff and recruit new top-notch employees? The correct answer involves several components. However, one of the key factors is a competitive salary. That is why, salary scale overview, a service that has always been useful is becoming especially relevant today.
Together with our expert Olena Kutsokon, Head of Recruitment Department at Smart Solutions, we will tell you about this service and explain why it is in top demand today.
What kind of companies may be interested in this service?
The size of the organization, field of activities, geolocation don’t matter. This service attracts all possible companies aiming at profitable operations and rational management of human resources. Business productivity directly depends on the quality of staff. Qualified specialists deserve a salary relevant to the socio-economic context. And it must be determined here and now. But you can’t do it without a salary scale overview.
What is required from the customer?
A partner looking to get this service has to provide a list of positions with a detailed description of their core hard and soft skills. It would be useful (although not necessary) to specify the relevant wage level for such positions established at the customer’s company.
What indicators are evaluated during the salary scale overview?
The review involves a thorough analysis of a wage level for a specific position with a clear identification of minimum, maximum and average salaries on the market. Statistic calculation involves such structural average indexes as mode and median. Bonus and motivational components are always taken into account. At the same time, calculations include not only one specific industry (with the analysis of the competitors’ wage levels), but also relevant spheres where certain positions are in demand.
What is a final result for the customer?
In the end, the customer receives a detailed report with systematized data, descriptions and analytics. Thus, an understanding of whether the company employees receive a decent salary or, on the contrary, are underpaid. This way, customers can plan the budget for a new financial year in a more balanced way.
Our company can tell a number of reasons why it is beneficial to order a salary scale overview from us:
- a personalized approach to each case;
- extended reporting;
- speed of services;
- significant expertise of our team in providing this particular service;
- detailed collection of customer requirements;
- knowledge of labor market trends.
Implemented case from Smart Solutions
Positive cooperation results are inspiring. So we’d like to share one of them. A certain international agricultural holding ordered a salary scale overview service from us (the name in not revealed for reasons of confidentiality). We have conducted an analysis of more than 90 positions for field-specific agricultural specialists (from workers to top managers). We received positive feedback from the customer’s HR team for the fast and quality work.
If understanding of the situation on the labor market is crucial for your business, you can get a top-quality analysis and consultation or order a service here: Salary scale overview.
