Businesses executives at a seminar held to announce the results of the 2018 salary survey conducted by Talentnet – Mercer. — VNS Photo

The 2019 Talentnet-Mercer Total Remuneration Survey, considered the country’s most comprehensive salary survey, has begun.

Using globally standardised methodology the survey last year involved 602 companies and salary data from over 314,000 employees across 16 industries.

The report includes salary range, common allowances and bonuses by industry and level, compensation mix for each level of staff, employee turnover rates, and even recruitment information by occupation and industry.

With people strategy in mind, the survey results can help strengthen business competitiveness in attracting talents and maintaining equity in the market. In combination with other HR factors such as working environment, training and development, business leaders will be able to develop effective policies that align with business goals.

In the digital age, industry and occupation-specific data and figures around salary and compensation provided by the Mercer – Talentnet Total Remuneration Survey is vital in giving businesses an objective point of view in decision making.

The survey will take almost the end of the year to finish, and companies seeking to participate in the survey could get a 5 per cent discount if they register before March 31, Talentnet and Mercer said. — VNS