Benchmarking - Competitor Remuneration and Benefits Analysis

Don't guess - Get the stats.

Are you wondering if you offer competitive pay and the right benefits to attract and retain the most talented professionals? These are not things you should determine based on intuition, but on concrete facts. Business benchmarking gives you an accurate and clear picture of the competition and helps you build a winning strategy.

What Is Benchmarking?

Our recruitment agency conducts a benchmarking analysis, also known as competitor benchmarking, a type of report we conduct based on the companies we work with and their offerings. The analysis includes labour market trends, specific salary levels for certain professions and benefits. The report helps companies stay informed so they can remain competitive, productive and retain their staff.

The analysis is also a great starting point for optimising company salaries and maintaining employee satisfaction. With such benchmarking, you can implement the right strategy and stay in the lead in your industry.

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The Blue Lynx Approach

Blue Lynx will prepare a detailed analysis comparing the desired positions with those of businesses in the same field. In addition to our 37 years of experience as a trusted recruitment partner, we also stand out by drawing valuable insights from:

Our state-of-the-art database with over 40,000 candidates, updated regularly.*

Similar positions from other Blue Lynx clients, including leading Fortune 500 companies.

Vacancies are posted on international job boards, ensuring access to global talent.

Data collected from pre-qualified candidates.

Feedback and opinions from the workforce on social media.

*We do not keep candidate profiles older than 6 months. We comply with all GDPR requirements when processing the data provided by the surveyed candidates and clients.

An Example From Our Practice

An IT company in Sofia turned to Blue Lynx after it began losing developers to a similar business. Using our competitor benchmarking report, they found the pay they were offering was 18% below the market average. After making adjustments and introducing additional bonus structures, their turnover was reduced by 40% within 6 months, and the new candidates were much more motivated.

What Is Included in Our Analysis?

The benchmarking analysis we conduct features detailed information about the roles you have requested, tailored to your pre-set criteria and scope. Inside you'll find:

Data on the minimum, average and maximum salary for the specified positions.

A study of social benefits compared to competing businesses.

Up-to-date analysis and assessment of the labour market in Bulgaria.

Analysis of career paths and progress of employees at competing companies.

For a professional solution and a custom offer - contact our team today.

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What Are the Benefits of Blue Lynx's Benchmarking Service?

  • Budget Optimisation

    Companies that use benchmarking reduce their unplanned turnover by up to 25%. The study helps you avoid unnecessary expenses or underpayment.

  • Transparency and Confidence in Your Decision-Making

    Our market insights will help you see how your compensation measures up against the competition. You can easily spotlight the salary and benefits negotiation gaps that need filling.

  • Increased Engagement and Reduced Turnover

    Employees value fairness. Their engagement and satisfaction will increase significantly if their compensation is competitive.

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