Surveys

What you should know about surveys and the Remchannel survey offering

Are you getting the maximum value from your survey participation?
Advice for users of survey data
About the Remchannel Internet-based Survey
Survey Positions
Industry Specific Surveys
Market Trend Surveys
Customised Surveys

Are you getting the maximum value from your survey participation?

In a down-turned economy and a cost cutting environment, surveys are often one of the first expense items to be cancelled or replaced with a cheaper option. Although this may seem to be an easy method to cut costs, the value of accurate market information can never be underestimated.

International research shows that the cost of losing a key employee can range from 120% to 300% of their annual guaranteed package. Many organisations do not measure the cost of their staff turnover figures as it is sometimes difficult to quantify.

Based on the fact that losing skills can be enormously expensive, organisations should evaluate their survey participation, and the actual return on investment on a regular basis.


If you would like to calculate your return on investment when utilising surveys, please email Margie Manners or call 011 468 2639.

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Advice for users of survey data

We would like to encourage our current and potential clients to become discerning users of survey data by requesting the following information from service providers:

  • How often is data submitted and published?
  • Are benefits such as housing, company cars and car allowances, cash and non cash benefits valued consistently to ensure that like is compared with like?
  • What are the measures utilised to validate data and job matching?
  • What is the criterion utilised to ensure accurate job matching?
  • How does the service provider ensure that outdated data is not included in the survey publication?
  • How does the service provider differentiate between clients and survey participants?
  • Can reference checks be conducted by current and potential clients?

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About the Remchannel Survey

Remchannel is an internet-based remuneration survey, customised for the complexities of Southern Africa’s remuneration practices.  The survey is currently published in South Africa, Namibia and Botswana; with further expansion into other African countries envisaged in the next 18 months.

  • Internet-based electronic business tool, customised for the complexities of remuneration practices
  • Proven its value by becoming the right-hand tool for many discerning reward practitioners
  • Top-level internet security employed to protect the confidentiality of the data

Benefits

  • Real time - a live database, capable of constant updating
  • Choice - supreme flexibility in defining comparator market
  • Friendly - absolute ease of data submission and retrieval
  • Access - instantaneous, finger-tip driven, generation of reports for informed remuneration decisions
  • Freedom - freeing up HR time to pursue strategy and not drudgery
  • Value - one data submission once per annum provides access to multiple surveys

Value Proposition

Remchannel offers a unique value proposition in that it encompasses more than one survey, for one survey fee and one data submission.

The surveys which are covered by our internet-based remuneration database are as follows:

  • Top Executive Survey
  • General Staff Survey
  • Industry Specific Survey
  • Job Based Survey
  • Grade Based Survey (correlated to all major grading systems)

Unique Features

  • Stringent validation of data
  • Job matching assistance
  • Geographic analysis
  • Race analysis
  • Gender analysis
  • Age analysis
  • Internal and external equity measure
  • Detailed benefit quantum analysis
  • Selection of own package component analysis
  • Selection of percentile comparison
  • Automatic age correction of data
  • Interactive web based selection ("what if" scenarios)
  • Real-time database
  • Reports can be copied and exported into Microsoft Office packages for presentation to remuneration committee

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Survey Positions

Remchannel provides benchmark data for more than 1400 positions across all job families.  The selection of market data is customised by specifying the criteria for each of the job titles or job grades, and will therefore address the specific needs of each participant.

The disciplines included in the survey price for Remchannel participation are as follows:

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Industry Specific Surveys

Having access to quality remuneration benchmark information for relevant industry sectors provides true value for money.  Reward practitioners spend an enormous amount of time completing and submitting survey information for various industry surveys.  This adds to the drudgery, and takes up the time which should be spent on strategy.  In addition, the cost of participating in a number of surveys may exceed the actual return on investment. The Remchannel value proposition allows access to multiple surveys for one data submission and one survey fee.

Remchannel covers the following industry sectors:

  • Asset Management
  • Banking
  • Chemical Services
  • Fast Moving Consumer Goods (FMCG)
  • Financial Services
  • Healthcare
  • Information Communications Technology (ICT)
  • Information Technology
  • Insurance
  • Investment Banking
  • JSE Top 40
  • Manufacturing
  • Mining
  • Petrochemical
  • Pharmaceutical
  • Private Banking
  • Project Engineering
  • Retail
  • Tertiary Institutions

The industry specific surveys in development are:

  • Agriculture
  • Aviation
  • Construction
  • Legal

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Market Trend Surveys

Organisations continuously require trend information to make informed remuneration decisions. Remchannel conducts a number of trend surveys at varying intervals; once a year, twice a year, or every second year.  These surveys include:

  • Short Term Incentives and Sales Commission Schemes
  • Long Term Incentives
  • Salary and Wage Movements  
  • Employee Benefits
  • Non Executive Directors Fees

Remchannel also conducts ‘snap’ surveys on relevant topics from time to time.  Topics such as how companies are aligning themselves to changing legislation, World Cup preparations, et cetera.

For more information email Margie Manners or call 0861 SALARY.

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Customised Surveys

Should you require a specific customised survey, and the information is not available in Remchannel, please email Carol Shepherd or call 0861 SALARY for more information.

Customised remuneration benchmark extracts from Remchannel are only available to survey participants.  If you are not a survey participant, we will provide a quote based on the number of position profiles, and the number of comparator companies you require.  The information will only be provided if the nominated comparator group agrees to the extract of data.

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