Global Salary Benchmarking Tool for Employers

Understand your team’s value and offer competitive salaries with Playroll’s salary calculator. Powered by data from Glassdoor, LinkedIn, and local research, it provides accurate compensation ranges for employers.

Salary Benchmarking Tool

free Salary Comparison Calculator

Compare salaries side-by-side, with detailed comparisons on country, title and seniority. Gain real-time compensation benchmarking data – helping you understand if your offers are competitive and fair in your employee's local market.

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[fs-toc-h2]How Does Our Salary Benchmarking Tool Work?

Companies and employees use salary benchmarking as part of a strategic process to analyze compensation structures against similar organizations and market trends.  Check our HR Glossary to learn more about salary benchmarking, including its impact on employers.

In a dynamic marketplace for top skills, getting the balance right for your salary bands can get tricky. Paying too little might save some initial costs but risks losing key talent, while overspending can strain your financial resources. This is where benchmarking data and tools, such as Playroll’s compensation benchmarking calculator, can save time and eliminate uncertainty.

Compare real-time compensation for any job or industry at any location, for free. Simply enter your job title, seniority and location. We'll crunch the numbers and show you the average salary, plus the highest and lowest salaries for that position – based on recent job adverts across sources like Glassdoor, Zip Recruiter and internal data.

Why it’s Important for Businesses to Benchmark Employee Salaries

Benchmarking employee salaries is essential for businesses to stay competitive, attract top talent, and ensure fair compensation. By comparing their salary offerings against industry standards, businesses can identify any gaps in their compensation structure. In turn, this helps to retain current employees and avoid costly turnover. It also makes financial planning and budgeting easier, by aligning salaries with market expectations and company goals.

Key Takeaways

Salary benchmarking aligns your compensation strategies with market standards, guaranteeing competitive pay that attracts and retains top talent.

Regular benchmarking adjusts for market shifts, helping to maintain budget accuracy and prevent over- or under-compensation.

Incorporating benchmarking into your HR practices promotes pay equity and compliance, safeguarding against potential legal issues.

[fs-toc-h2]Key Features of Our Salary Benchmarking Tool

Our salary benchmarking tool comes packed with the latest features to save you time and make it easier than ever to navigate salaries with confidence:

Real-Time Data and Regular Updates

In a shifting job market, access to real-time salary data is essential to stay competitive. Our salary benchmarking calculator is powered by continuously updated data from Glassdoor, LinkedIn and local research across industries. You’re guaranteed to always work with the latest, accurate information available.

We regularly refresh salary data to reflect current trends, economic shifts, and market demands. With our tool, you can confidently align your compensation packages with market standards, setting you up to attract and retain top talent with competitive offers that meet evolving expectations.

Filters for Role, Region, and Industry

Quickly find the salary data you need with filters for role, region, and industry. Customize your search to get precise insights on compensation trends across specific positions, locations, and sectors. Our tool’s filtering options saves you time and helps streamline your research.

Easy-to-Use Interface and Report Generation

Our salary benchmarking tool has a user-friendly interface that simplifies the process of gathering, analyzing, and sharing salary data. Intuitive navigation makes it easy for hiring managers, HR professionals, and business leaders to access salary insights without a steep learning curve.

With just a few clicks, you can generate customizable reports that feature salary benchmarks by role, region, industry, and experience level. Each report is visually organized to present key data at a glance, and can be tailored to show only the metrics that matter most to your team. Export options allow you to quickly share insights with key stakeholders to make informed compensation decisions.

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[fs-toc-h2]Factors That Influence Salary Benchmarking

  1. Company Size: Larger companies often have larger budgets and may offer higher salaries due to their access to more resources and economies of scale. Small to mid-sized companies, on the other hand, may offer more competitive packages with unique perks but may not match the top salary tiers of larger organizations.
  2. Cost of Living: The cost of living in a given location significantly impacts salary expectations. High-cost areas like major cities often come with higher pay scales, whereas more affordable regions may offer comparatively lower salaries that align with local expenses.
  3. Industry Standards: Different industries have varying pay scales based on the demand for specific skills and the availability of talent. Competitive industries like tech or finance typically offer higher salaries to attract skilled professionals, whereas other sectors may have different benchmarks.

[fs-toc-h2]Ensure competitive pay with playroll’s Workforce management solutions

Compensation is equally important to compliance when hiring and retaining global talent. To level up your global HR strategy, you need the right tools and resources for the job.

Playroll is your all-in-one HR and payroll partner, offering real-time compensation insights, compliant hiring guidance and legislative support. We form the solid foundation you need for a global workforce that is empowered to do what they do best – build your business.

  • Access global hiring guides, including leave policies, legal and tax requirements to ensure you stay compliant in hiring across 180+ countries.
  • Browse state hiring guides to stay in the know when hiring across the United States, and access leading EOR or PEO solutions.
  • Calculate and compare the true cost of employment with our free employee cost calculator. Estimate employment costs based on team member locations with a breakdown of the taxes, fees, benefits you can expect to pay.
  • Browse ready-to-use job templates with customized job descriptions that save time and attract high-quality candidates.

Want to kickstart your global hiring journey? Request a demo today!

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FAQS

Salary benchmarking FAQs

Where does the average salary data per country come from?

The salary data in Playroll’s salary benchmarking tool is gathered from real-time market data sources via RAPID API integration. This ensures the salary insights provided are accurate, up-to-date, and perfect for thorough compensation analysis across different countries.

How can the salary benchmarking tool help with budget planning for remote teams?

Playroll’s salary benchmarking tool helps you plan budgets by providing salary ranges and employer costs for various roles across different countries. This allows you to estimate the total cost of hiring and adjust your compensation strategy to meet your financial goals while staying competitive in the global talent market.

Can I use Playroll’s salary benchmarking tool for specific job roles?

Playroll’s salary benchmarking tool allows you to filter salary insights by specific job roles. This makes it easy to perform compensation analysis tailored to your business needs, ensuring you offer competitive salaries based on the role and location.

Is Playroll’s salary benchmarking tool free to use?

Yes, Playroll’s salary benchmarking tool is completely free. You can access salary insights and compensation analysis for various countries without any cost, making it an invaluable resource for businesses looking to make informed, budget-conscious hiring decisions globally.

How do you benchmark salaries?

To conduct salary benchmarking, gather up-to-date salary data for specific roles in your industry and region. Compare this data against your current compensation levels to identify gaps or opportunities for adjustment. Using resources like Playroll's salary benchmarking tool can simplify this process by providing real-time market data for different countries and job roles.

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