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    • Compass – Salary Market Survey

    Through the compass salary market survey, we provide companies with objective market data to help them design competitive compensation packages.

    The analysis covers not only base salaries, but also total rewards packages, bonuses, and other incentives. with the support of our experts, we assist in making informed decisions and increasing employee satisfaction.

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    Why did we create the compass salary market survey?

    Throughout MPS' 23+ years of operation, we’ve often observed that our partners’ compensation packages were not always competitive—this can hinder the recruitment of high-quality professionals and, in some cases, even contribute to high employee turnover. on the other hand, some clients proactively requested the compass salary market survey as part of their annual salary review process to ensure they remain competitive in comparison to their peers.

    Thanks to our team’s decades of experience, the compass salary market survey provides a comprehensive overview of the surrounding market landscape, salary ranges, and current national trends in compensation packages and benefits.

    The importance of salary market surveys

    Salary market surveys are essential tools for business leaders and hr professionals, helping them understand current wage levels, average salaries, and compensation expectations within a specific industry, region, or city.

    These surveys offer comprehensive and reliable data on compensation packages, enabling company leadership to make informed, data-driven decisions when planning salary adjustments.

    Verify the competitiveness of your compensation package with our salary market survey!

    MPS Compass

    Market comparison and analysis of compensation strategies

    Salary market surveys are essential tools for business leaders and hr professionals to understand current salary levels, averages, and compensation expectations in a given industry, region, or city. these surveys are comprehensive and provide reliable data on compensation packages, allowing company leadership to make informed decisions when planning salary adjustments.

    Analysis of compensation packages

    Our surveys typically cover multiple components, analyzing market averages using various statistical indicators that make it easy to compare findings with internal compensation strategies. beyond base salaries, we also examine popular market bonuses and benefits, including performance-based bonuses and cafeteria packages.

    Benefits of salary market surveys

    Boosting employer competitiveness

    The greatest advantage of salary market surveys is that they help companies stay competitive as employers by providing insight into current market trends. They also contribute significantly to employee satisfaction and retention, as a competitive salary strategy reduces the likelihood of colleagues leaving for financial reasons.
    When partners share the survey results with employees, it empowers them to compare their compensation with that of other companies, reinforcing the perception that their pay is competitive and fair. 

    Understanding candidate expectations

    With our compass product, we go even further by collecting additional data for our clients. When needed, we also map out the specific expectations of potential candidates—such as company car eligibility, phone reimbursement, balance between commuting and remote work, or travel cost reimbursements. In some cases, factors like bonus frequency, conditions, and even stock option packages (for executives or advanced tech startups) may also play a role.

    Recommendations for company strategy development

    Upon request, we present the findings through a live presentation or leadership consultation, so decision-makers have the opportunity to ask questions and discuss insights. Along with the data, we include tailored recommendations on how to adjust internal processes and compensation strategies for better alignment with market standards.

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    What is the Compass salary market survey good for?

    Strategic impact

    To determine the company’s market position in terms of salaries and compensation packages

    Shaping company culture and vision

    As part of attrition management, by identifying financially driven turnover and conducting benchmarking

    Supporting planned salary reviews

    We back up salary adjustment processes with data-driven insights and analysis

    Strengthening workforce retention

    We provide strategic solutions to support employee engagement and loyalty

    Compass salary market survey methodology

    Alignment on target roles and competitors

    We begin with a preliminary consultation to define the job roles to be analyzed, their required levels of professional experience, and the scope of relevant competitors to be included in the survey.

    Interviews to uncover competitor compensation strategies

    We use executive search (headhunting) methodologies to identify suitable market candidates and conduct interviews to gain insights into compensation structures used at competing companies.

    Analysis of positions and experience levels at competitors

    Using job role identification, we map each target position to equivalent roles within competitor organizations, aligning them by professional level and responsibility.

    We provide summarized results and improvement recommendations

    Based on the collected data, we deliver a detailed analysis and executive summary comparing the client’s compensation package to market benchmarks. We also offer recommendations for refining benefits and other motivational components.

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    Dávid Pelle

    CEO  @MPS

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