USA
Belgium
France
UK
Australia
India
Singapore
Client Background
The client is an American defence contract and information technology company.
Client Need
A fierce competition for engineering talent hampered the client’s growth. Attracting and retaining qualified personnel at their current compensation structure proved difficult, resulting in high turnover and longer project completion times due to a talent shortage.
Our Solution
We addressed the client’s talent acquisition challenges through a comprehensive compensation analysis:
- Our analysts conducted a thorough study of both national and local demand for engineering positions.
- We compared hiring activity and salary rates of the client’s four main competitors in the region, focusing on roles like those experiencing high turnover.
- This analysis revealed significant pay discrepancies between the client and their competitors. Based on this data, we recommended targeted compensation adjustments to bring their offerings in line with the market, making them more competitive in the talent war.
Key Benefits
Data-driven compensation analysis transformed the client’s talent acquisition. Competitive salary adjustments based on market research attracted and retained high-caliber engineers, leading to a 45% reduction in project cycle times and a significant decrease in monthly turnover, from 6.4% to 4.1%.
Tools & Technologies
NA
