We know that one of the greatest challenges local business owners are facing today is access to qualified workers.
Retention of existing team members, accessing senior talent, and recruitment to fill gaps and grow are common themes that we hear. If the Okanagan is going to be competitive, business owners need access to accurate and relevant compensation data.
That’s why Accelerate Okanagan teamed up with BenchMarket to launch the Workforce Insights Okanagan Salary and Compensation Study. It is currently free for companies to participate in the study until October 28th. Those participants will receive full access to the final report, free of charge.
The study is open to all Okanagan businesses to participate but will be most valuable for companies seeking insights for positions in Administration, Sales, Business Development, Marketing, Executive and Technical positions. Also, only companies that participate by October 28 will be able to receive access to salary data from other regions across Canada (Vancouver Island and Kitchener/Waterloo).
There are two key parts components to participating in the study. Part one is a salary data sheet where you will add your roles and salary information to a template. Jobs are matched to our job families and levels. In order to calculate accurate statistics, we must collect data for each employee (part-time, full-time, and contractors).
Part two of the study is a survey that covers other aspects of compensation like; paid time off, benefits, stock options, and more. The survey should take about 45 minutes to complete, much less if you are a smaller team with fewer roles.
Job Families and Levels
Review the guide
The guide was created to help participants understand how the BenchMarket team will assess and group the various salaries and job positions.
If you are participating and you don’t see a position that we have a your company, that okay. We still want you to include it in your salary data submission. BenchMarket is adding new positions all of the time based on the data they can access.READ THE GUIDE
Even if your company is already participating in other salary assessments, we still encourage you to participate. Workforce Insights is not meant to replace other assessments but rather add resources available for employers that has a local lens. The more companies that participate in the study, the more accurate the data will be.
Your organizations data is never released to other parties. Accelerate Okanagna and BenchMarket are committed to maintaining the confidentiality of you and your organization’s data. All final reports provide aggregate statistics only.
Remember, Accelerate Okanagan and the BenchMarket team are here to help. If you have questions about how the survey works, need help completing the salary data spreadsheet, or want to learn more, all you need to do is connect with us.