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Case Studies

Comprehensive compensation benchmarking report

Suzzanne Smith

published 

January 16, 2024

INCLUDING SECTOR INSIGHTS, PREDICTIONS, AND MARKET PERCEPTIONS OF THE CLIENT.


Delivering customised compensation intelligence to inform global strategies “GRM’s research team went above and beyond to deliver exactly what we were looking for. Rayne and her team were responsive and flexible to our needs and the report we received far exceeded our expectations. We will definitely be making use of their compensation benchmarking service annually.

CHALLENGE


An international law firm in South Africa was exploring dropping its franchise model to fully integrate with the global firm. They required a comprehensive compensation benchmarking report to discuss with head office within a very tight deadline of only one working week. The report requirements included salary benchmarks, alternative financial and non-financial compensation, targets (financial and billable hours), and working hours against the big five international firms and medium-sized firms across partners (managing partners, equity partners, salary partners), associates (up to six+ years of experience), candidate attorneys (first and second year), paralegals, and legal secretaries.

SOLUTION

GRM delivered a rigorous compensation and bench- marking report, fully customised according to the client’s unique business needs, within the agreed timeline. The team also included budgets, market views from job seekers, and identified deal leaders in South Africa, adding significant value beyond the project’s original scope. The report provided a clear overview of where the client stands in comparison to their competitors in the market.

OUTCOME

GRM provided real-time, verified competitor information, producing a full competitive landscape. The report went on to inform not only the client’s compensation policies but also strategic discussions with head office.

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