How salary budget surveys can help your organisation work better

How salary budget surveys can help your organisation work better

07 Mar 2023
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Mihai PopoacaMihai PopoacaPresident at WorldatWork

As President, Mihai is responsible for the global operations of WorldatWork, the leading global Remuneration and Rewards association. He brings more than 20 years of executive experience in Sales Compensation and Sales Performance Management and has managed organizations and staff across three continents.

Having lived and worked in several countries during his career, Mihai embodies WorldatWork’s commitment to a global organization and mission. Mihai holds an MBA from Drexel University and attained the CCP, GRP, and CSCP certifications from WorldatWork.

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Description

A comprehensive understanding of market salaries can help companies to attract and retain the right talent and WorldatWork's salary budget survey has been running for 48 years. The Good Work Framework is a new, post-pandemic tool developed by the World Economic Forum to help employers establish benchmarks for job quality in a changing world. Here, Mihai Popoaca, President at WorldatWork, explains how good salary budgeting can feed into and strengthen thinking around the new framework.

Table Of Contents

Implementing the Good Work Framework
According to Popoaca, implementing the new framework can help companies to adjust to the ongoing changes in the world, meeting the balance of employee and company needs.
What is the salary budget survey?
Popoaca explains what a salary budget survey is and how it can help in understanding the market.
How salary budget influences the Good Work Framework
Good salary data can drive overall strategy and understanding your salary budget for the coming year makes it easier to meet other objectives.
How the salary budget survey is implemented
Popoaca explains how all the different evaluations behind the survey and how this analysis can provide leaders and companies with better tools to act proactively.
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