Enhance your talent acquisition strategy
The latest market findings can help support and structure your recruitment offering and approach in 2021 to ensure you attract the best talent in the market. Candidates will be looking for benefit packages that reflect the new world of work and for a new potential employer to have a more inclusive focus on general wellbeing and a structure encompassing educational, mental and physical support as opposed to pure financial reward. Request a copy of the 2021 Salary Survey for more information on employee value expectations for the year ahead.
Why is salary benchmarking important?Salary benchmarking is essential for comparing pay and remuneration packages offered by an employer against the market and of those offered by competitors. Pay and remuneration benchmarking within legal functions can provide significant competitor advantage, through the retention and attraction of top talent and enhancing an organisations reputation
What is the salary benchmarking process?Legal salary benchmarking is the process of comparing salaries across the market for a particular job and providing a range and average for a particular role which can help guide an employer’s decision-making on pay or bonuses during appraisal period or when making a new hire.
How to do salary benchmarking?In partnership with a data collection specialist, a benchmarking tool offers a fully comprehensive list of legal salary ranges and averages based on location, experience level and more. You can view the latest salary range and averages in the 2021 salary guide.
What are the benefits of using a salary benchmarking guide?With competition and demand for specific legal skill sets expected to spike in 2021, comparing your salary offering and employee value propositions against the market can help you to attract new talent, and retain existing employees. Using a salary guide to benchmark your 2021 offerings can help keep you ahead of the competition.