Salary Benchmarking for Success:
How Compensation & Benefits Shape Absenteeism, Attrition, and Tenure in the Philippines
83%
of employees say their compensation influences their attendance
71%
of employees think their salaries don’t align with industry trends
65%
of employees feel underpaid for their skills and value
Executive Summary
The recently conducted salary benchmarking report sheds light on the impact of compensation and benefits on employee behavior. It has a direct correlation with factors such as absenteeism, attrition, and tenure.
Although a better paycheck enhances job satisfaction and reduces turnover, it also presents challenges, because highly compensated employees are more likely to be absent.
By conducting regular salary benchmarking, companies can stay updated with market trends and make informed decisions about employee remuneration.
Achieve optimal sucess by aligning compensation plans with current market realities. This report will teach you how.
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