28 March 2022 12:01 am Views - 278
HR Cornucopia, a branch of HR Cornucopia India, has recently released its 2022 annual salary survey, which provides an in-depth analysis on several roles and industry sector break downs.
The reports are based on the data collection that have been categorised into three areas:
1) Non-Executive Directors’ Report
2) CEOs’ Salary Report
3) General Salary Report based on a level structure using the Cornucopia Position Evaluation structure
The reports include details on the compensation aspects of non-executive directors’ fee structure and benefits, basic salary, benefits and other perks (vehicle allowance, travelling allowance, insurance benefit, bonus, increment practices and other benefits. The Salary Survey will also provide compensation ranges (market minimum, maximum and 50th percentile) of base pay.
Minimum and maximum ranges of all other benefits mentioned above, for the following 10 grades will also be included in the General Salary Survey:
1) Head of Function, 2) Sectional Head, 3) Senior Manager, 4) Manager, 5) Assistant Manager, 6) Senior Executive, 7) Executive, 8) Junior Executive, 9) Clerical Grades,10) Labour Grades.
The report also discusses new trends in reward practices post-COVID-19 pandemic. Cornucopia Lanka is offering this survey report at a very reasonable cost. The report is easy to read and understandable for non-HR management personnel.
One of the most difficult post-pandemic challenges faced by management is to attract and retain top talent, in order to tackle the great resignation. The overall performance of the organisation depends on how effectively management rewards its human resources. Regular benchmarking and evaluation of salary and other benefits levels for existing employees will reduce employee turnover and increase company morale and bottom line.
Further information could be obtained by writing to sonia.chinnaiyah@gmail.com.