Are you paying your talent the right amount? A solid salary structure begins with reliable information.
If your last salary review was limited to the traditional formula of "what we have always paid" plus an inflation adjustment, you are relying on an outdated practice.
In Ecuador, most companies still manage compensation under this scheme, ignoring the fact that today's labor market operates under very different rules, and the data confirms it.
Replacing an unplanned departure of key talent costs up to 2 times that person's annual salary (Gallup Workplace Research).
These types of figures are not usually reflected directly in an income statement for quantification; rather, they manifest later through indicators such as staff turnover, hard-to-fill vacancies, or internal complaints regarding equity, by which time managing and correcting them is already more costly.
Defining employee compensation involves several variables related to accelerated turnover, salary transparency, and gender equity. These variables are not taken into account in a traditional administrative analysis, but they are in a more strategic one.
Determining appropriate remuneration must consider several facets, as many organizations unknowingly position certain roles with compensation above the market, while other roles are significantly below market, where the potential risk of attrition is higher.
A salary benchmark is a role-by-role comparison between what your company pays and what similar companies pay in your same market and sector, analyzing factors such as: role, organizational level, gender, and length of service.
The value of the result lies not only in the figures, but in presenting a clear and understandable classification for each role. This allows the management team to quickly identify where gaps exist and prioritize actions, without the need for specialized technical knowledge to interpret the salary benchmark results.
At Data Wave, the data analytics unit of Actuaria Consultores, we have developed a solution that provides your team with access to an web application and an executive report, designed to analyze and compare your organization's compensation structure against the market.
This allows you to identify opportunities, support salary decisions with objective data, and take actions that generate a positive impact on your organization.
The value of the result lies not only in the figures, but in presenting a clear and understandable classification for each role. This allows the management team to quickly identify where gaps exist and prioritize actions, without the need for specialized technical knowledge to interpret the salary benchmark results.
At Data Wave, the data analytics unit of Actuaria Consultores, we have developed a solution that provides your team with access to an web application and an executive report, designed to analyze and compare your organization's compensation structure against the market.
This allows you to identify opportunities, support salary decisions with objective data, and take actions that generate a positive impact on your organization.
An expert will review your case and explain what it means for your company, with no obligation.
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