PAY FAIR AND BE ALWAYS UP TO DATE
Paying the right salaries makes your business more efficient
It helps you find quickly new colleagues but also retain the great talents in your company
The strategic importance of a truly competitive compensation packages
In Central Eastern Europe according to the latest surveys conducted at Governmental level, 30% of the fluctuation is originated by a bad salary structure or a better offer from a competitor. This is particularly true for capital cities where there is a very high density of B2B players in the service industry and Shared Service centers fighting for the best talents. When an Enterprise or a Medium sized company is creating an yearly salary framework, veryo often the only adjustments are due to expected inflation and especially during a pandemic or financial crises'periods these macroeconomic indicators can have some very volatile values, endangering their market attraction as much as their ability to retain great employees. In this situations, it is strongly suggested to ask to an experienced consulting company salary information or a complete research. By our experience, who has the best and most competitive compensation scheme has also a very efficient expense in talent acquisition that cna result in drammatic savings.
Why RED. Recruitment salary benchmarks?
The purpose of our market analysis service is to provide a comprehensive insight into the wage levels available in different sectors of a region, the whole country, or even across borders. The analysis also presents trends in the industry as well as macro and microeconomic effects.
As one of the leading HR services company in Central & Eastern Europe, we have a comprehensive understanding of the wage levels available in the industries as well as other employee benefits in the salary package. Whether it is an industrial or office position, a job that requires one or even decades of experience, all the necessary information, channels and data,
regardless of the sector, are available for accurate analysis.
Our Benchmark service helps you to create competitive salary packages within your company.
When do you need a salary or benefits' benchmark?
Before hiring new talents
Either you have new hires rarely or if you hire constantly big volumes of talents, it is extremely important to plan in advance what could be the cost to budget for enriching your teams with new colleagues or take the chance for quality replacements. What we do is a deep compensation study based on the tasks and the skills required.
Yearly internal salary reviews
Loosing great employees because you only applied an yealry inflation adjustment would be a great shame. and result in additional costs of hiring and training replacements. We support many of our clients in yearly revewing their internal compensations & benefits to be always competitive on the market.
Benchmarking competitors
Marketing teams are spending 70% of their time to benchmark competitors product but the same exercise is rarely mirrored in HR best practices. The real competitive advantage of your company is human capital and you should care about that. Do you want to know what is the average salary per position in your industry or in your same demographic area? RED. Recruitment consultant can support you in this beast practices. Also very often in few areas there is very high density of employers looking for new employees and your employer branding is extremely important to keep a competitive advantage.
Pre-investment market researches
Is your company thinking of investing, delocalizing or expanding to the CEE region? Especially in Central Eastern Europe (Hungary, Slovakia, Poland & Czech Republic) there are great tax benefits & governmental support for foreign direct investments in countryside areas but many times this might result you in establishing the company in areas with very low talent denisty. A best practice of our clients is to ask us an occupability study and market research on the potential geographic areas to avoid exceptional struggles and additional costs in talent acquisition.
Where can we help you best?
Since 10 years we operate in geographic and demographic areas in constant double digit growth with a very unique feature: skilled workers shortage.
Our expertise is in Central Eastern Europe where our consultants know the market deeply thanks to years of experience and throusands of candidates interviews with candidates from the main capitals and cities in Hungary, Slovakia, Czech Republic, Romania, Poland, the Balkans (Serbia, Croatia, Slovenia & Montenegro) Ukraine and Russia. In these areas we deliver and consult with strong confidence. After you contact us, we schedule up a call where we can understand if our services are a fit for you.