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Salary Benchmarking

Author: Moe Harrison /Tuesday, December 03, 2013/Categories: SNI Companies, SNI Financial, SNI Certes, SNI Technology, Accounting Now, Staffing Now

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Determining what to pay employees is a two-sided coin. Employers want to pay employees enough to help them to feel valued and avoid them looking for a better offer. But employers are also concerned with over paying employees to the point of unnecessarily inflating payroll and effecting organizational profitability. The best way to work out what you should be paying your employees is to benchmark salaries with other companies that have similar roles by reviewing salary survey data. This ensures that your pay rates are competitive enough to attract and retain high-quality employees without being overly inflated.

For 10 years SNI has published a National Salary Guide. Our guide provides market data for the following industries: General Accounting and Finance, Tax, Internal/External Audit, Administrative and Office, and Information Technology. Specific data is available for the following locations: Atlanta, Chicago, Connecticut/Massachusetts, DC/Virginia/Maryland, Denver, Minneapolis, New Jersey/Philadelphia, Florida: Boca Raton, Ft. Lauderdale, Jacksonville, Miami, Orlando, Tampa and West Palm Beach, Texas: Dallas and Houston.

The data can be viewed by large, medium and small companies.

The guide provides ranges of pay for key positions, from the lowest to the highest current rates. Employers can use our Guide to decide at which level to set your company pay scales. If your goal is to attract top talent, you may opt to set your pay rates in the upper quartile. However, if you are attempting to compete with low cost providers, you may prefer to choose a salary range that sits in the middle of current market rates. More than 80 percent of business managers and HR professionals said their companies either participate in or purchase at least one salary survey each year, according to a Salary.com poll.

If you are looking for a solid source for specialized and specific salary data to help you set and evaluate your salary ranges, consider using the 2014 SNI Salary Guide.

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Moe Harrison
Moe Harrison

Moe Harrison

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

Other posts by Moe Harrison
Contact author Full biography

Full biography

Moe Harrison is a Regional Vice President with SNI. With more than 15 years’ experience in recruiting and personnel management, Moe has a unique perspective on the top issues and concerns of employers and candidates in the accounting and finance fields.

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