Market Rate Reports

A Market Rate Report is beneficial to organisations that require tailored salary information either for all jobs, a particular function or on an ad-hoc basis.

A market rate report provides detailed salary information that is tailored to jobs on an individual, departmental or organisation-wide basis. Many reports are produced on an “as needed” basis; others are repeated year on year to inform annual pay review decisions.

A market rate report can help address issues including:

  • A need for external objectivity
  • Inconsistencies and anomalies in current practice
  • A lack of data in the wider market, perhaps also highly competitive
  • Recruitment/retention
  • Changes to the current reward structure and/or elements of benefit provision

With access to Croner Reward’s comprehensive database, our Research Consultants produce market rate reports for individual jobs based a set of criteria designed to reflect the comparable market, such as sector, location and size.

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