• "Am I over-paying or under-paying my employees?"
• "What are the industry norms?"
• "What kind of compensation and benefits package do I need to put together to attract and keep good people?"

In today’s increasingly competitive business climate, a company’s compensation and benefits policies have become a vital tool in attracting and retaining quality employees. As an association, you are in a unique position to provide industry benchmarks upon which your members can base crucial compensation policy decisions.

A well conceived, well conducted compensation and benefits survey will allow your members to:

Compare their compensation levels and benefits offerings with up-to-date industry standards. Industry Insights’ studies allow members to not only compare themselves against the industry as a whole, but also against members with a similar number of employees, same geographic region, etc.

Increase profitability by getting a handle on payroll costs. Our expertise has proven that controlling payroll costs is essential to improving profitability as well as gaining a competitive advantage.

Improve employee recruiting and retention. With today’s historically low unemployment, recruiting and retaining employees is a major concern for every company. Benchmarks are a critical part of a competitive compensation package.

Our Approach

With over 25 years of experience, Industry Insights has an approach that will assure that your survey will ask the right questions and be customized to your industry. We’ll work with your staff and selected members to develop the questionnaire. Since we’ve conducted hundreds of compensation and benefits surveys, we can often create an initial draft questionnaire to get the process started.

Once we have the right questions developed, the next step is to assure that the information is accurately, efficiently, and effectively collected. Industry Insights deploys a variety of survey tools to assure that your association achieves the best possible response rate. In addition to traditional paper survey forms, we commonly create online survey sites that allow your members to securely and confidentially submit their information directly to Industry Insights. We also commonly assist in broadcast emails, faxes and phone calls to increase participation.

As the data is collected, Industry Insights uses a proprietary software system to do complex quality checks of the data and compile the results. Our system is unique and a key to our accuracy and efficiency. The results are typically reported by various data aggregations depending on the industry such as size of company and geographic region. Our reports are very user-friendly; yet allow users to do in-depth analysis if needed. Most importantly, our reports are accurate and timely.

In addition to producing the industry-wide results, Industry Insights commonly generates individual Participant Compensation Reports. These reports are customized for each participant and serve as an important incentive to participate in the study. In this report, participants will see how their compensation and benefits stack up to comparable groupings of participants in the study. These reports are sent confidentially via mail or electronically via email.

Whether you’re a trade association or an individual member organization, we can create a cost-effective survey tailored to your industry. If you would like more information about Industry Insights and our Compensation and Benefits Surveys, please contact:

Shawn Six
(614) 389-2100 x103
ssix@industryinsights.com