A good compensation system is essential for an effective motivation of employees at workplace and for making the company attractive to potential employees. The PayWell salary and benefits survey report is a tool created to help HR professionals and decision-makers in companies to develop competitive HR policies that will attract, motivate and retain talent and support the business strategy.
PayWell salary and benefits survey report provides specific information relating to the following three key areas:
- Salary data by positions
- Analytical report on compensation and benefits on HR practices
- Key metrics on HR effectiveness from PwC Saratoga
Salary data
PayWell Report is an important tool that helps companies wishing to recruit, retain and motivate high-quality staff.
The PayWell salary survey report presents detailed salary statistics of the analyzed job. The following information will be presented:
- Gross Base Pay as monthly and annually values;
- Guaranteed Pay (i.e. monthly salary + fixed bonuses) as monthly and annually values;
- Variable Pay (performance bonuses and/ or sales commissions) as monthly and annually values;
- Total Pay (monthly salary x 12 + fixed bonuses + variable bonuses) as monthly and annually values;
- Total Reward (monthly salary x 12 + fixed bonuses + variable bonuses + benefits) as monthly and annually values;
- Information on the number of job holders and the number of companies which provided data for each job position;
Salary data will be presented as mean, median, lower and upper quartiles, 10 and 90 percentiles in accordance with confidentiality rules.
Analytical reports
The compensation and benefits analysis covers the following sections:
- Salary review
- Grading systems
- Compensations
- Fixed bonuses
- Performance bonuses
- Performance appraisal systems
- Work time policy and holiday/vacation policy
- Remuneration of staff on roster shifts
- Temporary sick leave
- Benefit policy (including individual benefits such as medical insurance, technical insurance, etc.)
- Others
What is PayWell Survey?
PayWell is a salary benchmark survey, which PwC has been conducting in the Mongolian market among Mongolian and multinational companies since 2010 and provides you with reliable information on base salary, variable pay and benefits of more than 150 positions in various sectors, as well as comprehensive information on HR policies practiced by Mongolian companies.
How can you use PayWell?
PayWell survey report is helpful in the process of reviewing the company’s remuneration strategy, preparing the budget, calculating staff costs, setting-up the salary structure and salary levels, identifying in-kind incentives, finding solutions for tax optimization or investigating a relationship between remuneration and employee performance. It is an important tool that helps companies wishing to recruit, retain and motivate high-quality staff.
The PayWell survey report allows the comparison of salaries across sectors and job positions. It is an excellent tool to help you to create a successful remuneration strategy.
Confidentiality and security of data
All information about each participant obtained from the Survey is treated as strictly confidential. Each questionnaire for data input will be protected with a code. Remuneration data will relate to coded benchmark job titles, without any mention of the jobholder’s name.
The received data will be statistically analyzed and presented in the report as a summary. Confidentiality rules will ensure that no individual data will be visible in the report. Below you can find confidentiality rules and regulations:
- If there are less than three entries for one position or if only one or two companies provide entries for one position, no data will be presented;
- If there are three entries for one position (provided by three companies), average will be presented;
- If there are four to five entries for one position (provided by three companies), average and median will be presented;
- If there are six to seven job entries for one position (provided by three companies), lower and upper quartiles, mean and median will be presented;
- If there are more than seven entries (provided by three companies), 10 and 90 percentiles, lower and upper quartiles, mean and median will be presented.
Contact us
