|
|
 |
|
Talent
Acquisition and Retention Specialists | | |
Sign up for the PMA Informer. Our 1/4ly Newsletter chocked full of news
& articles to help keep you up to date |
| | |  | | | |
  
When new hire fallout is
caused by another employer's counteroffer, don't blame
the candidate or the rival employer. Blame yourself for
failing to make a market aware offer.
Always study the employment
marketplace in advance to make sure you are competitive.
Know your competition and know where you are strong and
not strong.
Salary Surveys From Your Key Competitors:
Know what your competition is paying. Are you
competitive in today's marketplace? Is my offer
competitive? Let PMA's Salary Survey help guide you.
|
PERSONALIZED MANAGEMENT ASSOCIATES |
|
|
SALARY SURVEY |
|
|
00/00/000 |
|
|
|
|
|
|
|
|
|
Client: |
XYZ Company |
City: |
Any City, USA |
|
| |
|
|
|
|
|
|
|
|
|
|
|
Years In |
|
Company |
Title |
Base |
Bonus |
Volume |
Postion |
|
Company A |
GM |
$43,000 |
$5,500 |
$1,000,000 |
2.00 |
|
Company A |
GM |
$47,000 |
$6,500 |
$1,300,000 |
3.00 |
|
Company A |
GM |
$55,000 |
$7,100 |
$2,400,000 |
5.00 |
|
Company B |
GM |
$39,000 |
$5,500 |
$1,100,000 |
2.50 |
|
Company B |
GM |
$41,500 |
$4,000 |
$1,100,000 |
1.50 |
|
Company B |
GM |
$44,000 |
$3,500 |
$1,300,000 |
2.00 |
|
Company B |
GM |
$46,700 |
$4,800 |
$1,400,000 |
4.00 |
|
Company C |
GM |
$41,000 |
$4,400 |
$1,000,000 |
3.50 |
|
Company C |
GM |
$48,000 |
$6,500 |
$1,500,000 |
4.50 |
|
Company D |
GM |
$51,500 |
$7,500 |
$2,000,000 |
6.00 |
|
Company D |
GM |
$52,500 |
$8,000 |
$2,400,000 |
6.00 |
|
Company E |
GM |
$48,900 |
$7,300 |
$1,600,000 |
5.50 |
|
Company E |
GM |
$44,000 |
$7,000 |
$1,400,000 |
5.00 |
|
Company F |
GM |
$51,500 |
$5,500 |
$2,100,000 |
8.00 |
|
Company F |
GM |
$48,750 |
$5,250 |
$1,600,000 |
6.00 |
|
Company G |
GM |
$49,000 |
$6,600 |
$1,500,000 |
6.50 |
|
Company G |
GM |
$53,000 |
$7,800 |
$2,200,000 |
8.50 |
|
Company H |
GM |
$46,600 |
$6,000 |
$1,750,000 |
6.00 |
|
Company H |
GM |
$47,000 |
$4,000 |
$1,450,000 |
5.50 |
|
Averages |
|
$47,261 |
$5,934 |
$1,584,211 |
4.8 |
From this information you
can conclude: In the city of your opening, the average
General Manager is making a salary base of $47,261,
average bonus of $5,934, 4.8 years in position and an
average sales volume of $1,584,211.
Plus you know exactly what
your competition is paying which will help you to either
make a competitive offer for new talent or to be able to
fight to keep your current talent.
PMA Market Status Reports:
How do your job specifications match up with your
marketplace. How many candidates that match your
requirements exist in your marketplace or the city of
your needs? The PMA Market Status Report can tell you.
The PMA Market Status Report takes your hiring
requirements and gives your real Time information on a
specific city or marketplace. It generates a cross
section of what exists in your marketplace. Lets look at
the example below. You request a cross section of 100
managers. your hiring specifications are: General
Manager at least 2 years, Sales volume exceeding $900K,
No more than 3 jobs in 5 years, Salary base not to
exceed $42K, Good success path in career, etc. This is a
cross section of what we found in your marketplace. It
helps to measure salaries, tenure, complacency, talent
levels, etc. What is happening in your marketplace?
|
# |
% |
Market Search Breakdown |
|
|
|
100 |
|
Total Candidates Contacted and Interviewed |
Hours |
Invested |
|
|
|
|
20 |
at 4 per hour |
|
12 |
12.00% |
Not Qualified: More Than Three Jobs in Five Years |
|
|
|
35 |
35.00% |
Not Qualified: Salaries Higher Than Specifications Given ($42K) |
|
|
9 |
9.00% |
Not Qualified: Time in Position (Less Than 2 years as GM) |
|
|
|
9 |
9.00% |
Not Qualified: Lack of Success Path in Career/Going Backwards |
|
|
11 |
11.00% |
Not Qualified: Sales Volume Under $900 |
|
|
|
5 |
5.00% |
Not Qualified: Lack of Energy/Enthusiasm |
|
|
|
7 |
7.00% |
Not Qualified: would Take a Counter Offer |
|
|
|
|
|
|
|
|
|
12 |
12.00% |
Meets All Specifications |
|
|
Okay, the PMA Market Status
Report shows that out of 100 General Managers contacted, 12 met all of the
employers hiring specifications. Drilling down a little further the report
concludes 35% of the General Managers interviewed were making more money
than what the employer paid. A good idea might be to also order a Salary
Survey for this specific area and see how close or how far off on salary you
are. There is also a warning sign that your current talent might be
susceptible to your competition due to underpaying salaries in the market.
Competitive Intelligence like
this can save you a tremendous amount of money!
| | | |
| |
Exit interview, exit interviews,
competitive intelligence, onboarding, on boarding, human
resources, hr, salary, salaries, salary survey, salary surveys,
retention, retention programs, retention training, restaurant,
restaurant recruiter, restaurant recruiting, restaurant
management recruiters, restaurant management recruiting,
restaurant jobs, restaurant management jobs, restaurant
openings, restaurant management openings, retail, retail
recruiter, retail recruiting, retail management recruiters,
retail management recruiting, retail jobs, retail management
jobs, retail openings, retail management openings, hospitality,
hospitality recruiter, hospitality recruiting, hospitality
management recruiters, hospitality management recruiting,
hospitality jobs, hospitality management jobs, hospitality
openings, hospitality management openings, hotel, hotel
recruiter, hotel recruiting, hotel management recruiters, hotel
management recruiting, hotel jobs, hotel management jobs, hotel
openings, hotel management openings, executive search, executive
search recruiters, executive search recruiting, recruiter,
recruiting, management, management recruiters, management
recruiting, management jobs, management openings, employment,
jobs, pma, personalized management associates, franchising,
franchises, human resources, sales, staffing, chef, marketing,
personnel, headhunter, headhunting, staffing agencies,
employment agencies, recruitment agencies, placement agencies,
search firms, |
| |
|
|
