Allocating the salary budget across countries
How should the salary budget be allocated? Should a larger share of the budget be allocated to countries that have relatively low salary levels? High turnover? What is the cost of the pay review by region, division or employee group?
Calculating salary budgets
RewardSmarter’s Global Salary Budget Tool helps you create a dashboard for all countries, divisions and employee groups and visualize summary statistics.
Import your internal salary data, inflation data from the IMF and forecasts of salary increases from different salary providers. The dashboard will display data to base decisions on, for the global salary budget allocation.
The tool can also be used to model salary budget allocation between different locations and employee groups. Model scenarios and impact of different budget allocations to compa-ratios and costs.
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