Helping a 130-year-old Manufacturing Firm examine their benefits in a difficult economic environment About ABB Visit our client profile to learn what ABB does, as well as explore their current live jobs.ABB's challengeABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. With over 130 years of experience and 105,000 employees, this manufacturing firm required our support with:An insight into external salary and benefits available across roles in production, engineering, finance, quality, and procurement.Ensuring that not only were ABB remunerating their teams fairly and equitably, but in line with competitors through a difficult economic backdrop. Examining benefits such as bonuses, holiday entitlement, car allowance, and pension contributions.Understanding wider incentives available in the market and offered by their competitors.How our People and Data Intelligence team helpedWe worked with ABB to fully understand the roles that needed benchmarking, going beyond the job titles to understand the core responsibilities, professional qualifications, and tenure expected in post. Our Data Intelligence team subsequently produced a report outlining the lower, median, and upper salary ranges available in the market across the 13 roles identified. With the base salaries, the team also provided data on the bonus, pension, and holiday entitlement available, as well as the average time to hire for each role to demonstrate the ease of recruitment. Candidate supply was examined, and in the locations provided by the client, we provided the number of candidates available for each role, and the gender split across each. A report was given to the client to fully demonstrate the findings, along with all sources and references used. The results Client testimonialWe decided to run a report after receiving feedback from potential candidates that our salaries weren’t in line with their expectations of the market. We also wanted to ensure our existing teams were being remunerated fairly, against additional feedback that we were underpaying. Whilst undergoing an internal salary review, we needed external market insights. The report the HR Advisory team provided was very useful and gave us clarity on our salary position in the market. HR Business Partner ABBGet to know our HR Advisory services Our team of HR experts provides a variety of services, from supporting our clients with salary benchmarking to career transition support. Discover more Contact us todayFor more information on how we can transform your business, contact our team today using the contact form below.IMPORTANT: By submitting your email address and any other personal information to this website, you consent to such information being collected, held, used and disclosed in accordance with our PRIVACY POLICY and our website TERMS AND CONDITIONS.Webinar & eventsBrowse our library of webinar & events for exclusive market insights. Join or watch on-demand Read our related articles 2024 Flexible Working Bill: Everything you need to knowNew flexible working laws are set to come into force in Spring 2024, but what does this revised Bill really mean for…By Michael Page4 min read The new employee-worker paradigm: What HR teams need to know HR professionals will likely remember the conversations about the 'Great Resignation' that were commonplace in 2021…By Michael Page4 min read HR cover letter: Writing tips and examplesIf you've worked in human resources before, there's a good chance you will have encountered cover letters from job…By Michael Page5 min read Supporting neurodiverse workers: A guide for employersDiversity, Equity and Inclusion (DE&I) have become watchwords for forward-thinking organisations keen to secure…By Michael Page Gender equity in the workplace: Meta, Microsoft, LMAX, & PageGroup’s experts discuss The conversation around how to create true equity and equality for women in the workplace has only ramped up in recent…By Michael Page Looking for HR talent in 2023? Here’s how the hiring market has changedIncreasing numbers of redundancies and insolvencies, compounded by the rising cost-of-living, are creating a…By Michael Page Pagination Show more