Organizations working in the international development sector know how critical it is to identify, employ, and retain experienced and talented staff for aid programs implementation. And a crucial part of this process is for the company to be firm in knowing the salary trends in a given development industry, or job title and negotiate the salaries accordingly.
Since 2007, DevelopmentAid has been the market leader in providing tools, data, and business insights for organizations working in the field of sustainable development. Today, the all-new Salary Trends business intelligence tool gives companies, NGOs, and organizations a way to accurately stay on top of industry trends when it comes to strategic salary planning, recruitment, and talent retention processes.
Top reasons for companies to know industry salary trends
One of the most delicate and difficult tasks that organizations face when seeking to hire new staff is how to benchmark salaries in a way that simultaneously attracts top talent and also allows for accurate budget planning. Salary Trends instantly gives organizations the ability to compare wages across every sustainable development niche and specialty, a crucial advantage when it comes to hiring and retaining skilled employees.
The new DevelopmentAid tool also allows companies to get a leg up on the competition when it comes to matching industry trends in terms of compensation and benefits. Whether it’s researching a specific sector of expertise or revealing broader emerging patterns across the sustainable development world, after analyzing the information provided by Salary Trends companies can adjust their salary structures and compensation packages in order to attract top professionals.
But this instrument is more than just a valuable new asset for benchmarking salaries and compensation packages. It also gives companies a key advantage when it comes time to negotiate employment contracts. HR professionals and hiring managers can use the Salary Trends to better communicate with potential hires, leading to an environment of increased trust and more successful recruitment efforts.
Moreover, the ability to accurately forecast salary trends is an invaluable asset to organizations when planning their budget. Thanks to the Salary Trends, companies can more efficiently allocate their resources to meet the needs of their employees while also ensuring that they can continue to attract talent without compromising operational budgets.
In short, the new Salary Trends tool from DevelopmentAid offers organizations everything that they need to ensure that they can offer attractive salaries and compensation packages to prospective employees and retain existing staff, all while proactively managing a budget that doesn’t impinge on operational needs. The Salary Trends tool is incredibly flexible, and by using it, organizations can conduct research into specific sectors, specialities, and fields of expertise across the full spectrum of the sustainable development industry.
If you’re an organization working in the field of sustainable development, have your HR department or hiring manager contact us to learn more about what the all-new Salary Trends toolkit can do for you. Whether you’re looking to reduce turnover or negotiate with potential new hires, the Salary Trends tool will give your organization an accurate insight into both past and current market trends when it comes to salary structures and compensation packages.
