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Salary Benchmarking
Leverage bespoke and independent reporting that contains the insights, real-time data and recommendations you need to formulate the best remuneration strategy for your organization.
Offering the right salary and rewards package is essential to attracting and retaining top talent in Canada. Competitive and accurate salary benchmarking helps you understand how your compensation compares across industries, regions, and job roles—ensuring you don’t lose great candidates to competitors with stronger offers. To stay ahead in a fast‑moving labour market, you need an impartial, data‑driven view of Canadian pay trends, including insights into skills demand, regional salary variations, and emerging workforce expectations. As your long‑term partner in the world of work, we provide the market intelligence and up‑to‑date compensation data you need to strengthen your talent strategy. With accurate benchmarking and contemporary insights, we help you improve access to the skills and expertise that will drive your organization forward.
We have an extensive track record of producing in-depth, bespoke salary benchmarking reports that have enabled clients to develop attraction strategies for future recruitment needs, improve employee attraction and retention rates and inform change and organizational restructuring.
The Hays methodology brings independence to any review, as well as robust evidence of what others in the market are doing both now and in the future. This information will enable you to make sound decisions around developing the most appropriate and competitive benefit structure for your organization.
Get in touch today to keep your remuneration strategy competitive
How Salary Benchmarking can help your business
Engaging an independent provider to build competitive reward strategy not only demonstrates a commitment to fair and equitable pay, but also enables you to make sound decisions around developing the most appropriate and competitive pay and benefit structure for your organization.
Salary Benchmarking FAQs
Variations in pay could be the difference between holding on to hard-won and valuable employees, or losing them to competitors. Benchmarking salaries gives you an accurate and impartial idea of salary information that allows you to make data-driven, real-time decisions about remuneration. This both keeps your organization commercially competitive and improves employee retention.
Spending time on salary benchmarking and ensuring you formulate a well-researched and comprehensive salary and benefit strategy can pay dividends, meaning you should only need to do it once or twice a year. However, this frequency may need increase in line with any market or economic shifts that impact the employment market.
Talk to Hays: Find out how we can help
Today's solutions lay the foundation for pursuing tomorrow's opportunities. Aided by technology and automation, we make managing complex talent needs simpler and easier.
Whether you’re seeking short-notice temp support or longer-term employees, we have candidates in our databases that are sure to fit the bill.