Compenasation and Benefits
Important Documents
Remuneration surveys
Total Remuneration Survey (TRS)
Researches the compensation and benefits practices in different industry sectors and reports objective and reliable market data on fixed pay, short- and long-term variable pay and benefits policy. Additionally, provides forcasts about the future reward practicies in Bulgaria.
The reports are avaiable in interactive web-based environment allowing for numerous analysis and statistics.
The TRS Opens in April and is based on May salaries. Results are available in early September.
Sector survey
Researches remuneration packages within companies from one industry sector. The collected information and the survey reports depend on the participants requirements.
Be-spoke survey
Researches specific compensation and personnel practices (i.e. base pay for set of jobs within a group of different companies, recruitment policies, severance policies, benefits provision, staff retaining policies, etc.)
Salary benchmarking
Defines the compensation and benefits parameters of specific job/s within your company based on comparison with the market trends. We provide a comprehensive report on the pay levels (lower, middle and upper market), short-term, long-term incentives, and prevailing benefits packages for the selected jobs.
Pay structure design (base salaries definition)
In cooperation with you we design pay structures that integrate your current practices with the contemporary market trends. We define the suggested pay ranges, set rules for positioning within each range, comment on the deviations of your current pay levels from the recommended pay structure and provide guidelines for smoothing these deviations.
Incentive schemes implementation
We define the performance measurement criteria for the jobs within your organization and develop bonuses and sales commission schemes. As a result you have ready-to-implement tools which aim at motivating your employees to perform up to the expected standards.