Abstract
Pay clubs-a unique method for sharing compensation survey data-were developed among groups of UK employers. The Industrial Relations Services' Pay and Benefits Bulletin, from which this article is reprinted, defines pay clubs as "groups of employers operating in a common labor market who agree to exchange detailed remuneration information of interest to their organizations on a confidential basis. These groups have no formal constitution and behave organically, as members are free to form sub-groups or withdraw entirely as they see fit." Given a tight labor supply and the need to control costs, these clubs are an attractive alternative for UK employers to either conducting independent indepth salary research or paying management consultants. Membership in these clubs is tailored by criteria such as geographic location, particular industry or organization size so that members can have access to market data for actual positions they need to fill or for salaries they need to renegotiate.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
