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Compare Salaries

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In this other section, you will be able to compare more than two positions at once in multiple locations for an easier and simpler comparison.

For instance, let’s compare the Head of Talent and Human Resources Manager positions in Amsterdam and Copenhagen!

What information will I get when comparing salaries?

  • You will get those positions’ salary benchmarks to check whether, in those cities, the salaries are high or low.

  • Plus, different kinds of metrics for your selected cities/countries and positions. For instance, let’s look at the Finance Controller role in the following selected cities and countries.

What city is the benchmark for the cost of living feature?

The Cost of Living index provides a relative comparison of living expenses in the city compared to New York City, which is used as the benchmark (100%). It covers various aspects of daily life, including groceries, meals, transportation, utilities, and housing costs. It helps assess the affordability of a city for residents and employees.

What is the cost of living plus rent index?

The Cost of Living Plus Rent Index, also known as COLPI, is a measure that combines both the cost of living and the cost of rent in a particular location. It provides a comprehensive view of the overall expenses people might incur in a specific area.

To calculate the Cost of Living Plus Rent Index, various factors are considered, such as housing costs, utility bills, transportation expenses, groceries, and other daily necessities.

What does “salaries vs. cost of living ratio” mean?

The “salaries vs. cost of living ratio” refers to the relationship between the average salaries or income levels in a specific location compared to the overall cost of living in that same area. This ratio provides insights into how comfortably individuals can maintain their standard of living based on their earnings.

The formula for calculating the ratio is: Salaries vs. Cost of Living ratio = (average salary / cost of living index) × 100.

What does the offer index imply?

It is an indication of the relative attractiveness or competitiveness of job offers for finance controllers in these cities/countries. Here are two examples of interpretations:

  1. Amsterdam offer index of 175: This implies that job offers for finance controllers in Amsterdam are relatively attractive, with potentially higher salaries, better benefits, or a more favorable overall compensation package compared to a baseline or average index set at 100.
  2. Dublin Offer Index of 29: Conversely, a lower index for Dublin suggests that job offers for finance controllers in Dublin are less competitive or less lucrative compared to the baseline. This is due to factors such as lower salaries, fewer benefits, or a higher cost of living relative to the compensation offered.

What does the demand index imply?

A “demand index” for a finance controller in these cities/countries could be interpreted as a measure of the demand for professionals with skills and qualifications in finance controlling in each respective city. Here are two examples of interpretations:

  1. Amsterdam demand index of 173: This suggests a relatively high demand for finance controllers in Amsterdam. A demand index above 100 indicates a stronger demand than average, implying that there is significant interest or need for professionals in this role in the job market.
  2. Dublin demand index of 48: A demand index below 100 for Dublin suggests a lower demand for finance controllers compared to the baseline or average. This means that there are fewer job opportunities or a lower level of interest from employers in hiring finance controllers in Dublin, at least in comparison to other locations.

What is the inflation rate?

The inflation rate is a measure that reflects the percentage change in the general price level of goods and services in an economy over a specific period of time. It is often expressed as an annual percentage and is a key indicator of the overall economic health of a country.

Let’s look at Amsterdam and Spain,

  • Amsterdam with an inflation rate of 2: This indicates that, on average, the prices of goods and services in Amsterdam increased by 2% over the specified period. Inflation at this level is generally considered moderate and is a common target for central banks aiming to maintain price stability.
  • Spain has an inflation rate of 2.7: This suggests a higher rate of price increase compared to Amsterdam. An inflation rate of 2.7% means that, on average, prices in Spain increased by 2.7% over the specified period. A higher inflation rate may have various economic implications, such as impacting the purchasing power of consumers and influencing monetary policy decisions.

What is the unemployment rate?

The unemployment rate is a measure that represents the percentage of the labor force that is currently unemployed and actively seeking employment. It is a key indicator of the health of the labor market and the overall economic conditions in a particular region or country.

Let’s keep looking at Amsterdam and Spain.

  • Amsterdam has an unemployment rate of 3.2: This means that 3.2% of the labor force in Amsterdam is unemployed and actively looking for employment. A lower unemployment rate is generally considered favorable, indicating a relatively healthy job market.
  • Spain has an unemployment rate of 15.98: This indicates that a significantly larger portion of the labor force in Spain, specifically 15.98%, is unemployed and actively seeking employment. A higher unemployment rate can be indicative of economic challenges, such as insufficient job opportunities, economic downturns, or structural issues in the labor market.

Percentiles’ meaning

Salary percentiles show where a salary range usually starts and ends, with the lowest and highest ever found depending on the employee’s experience, studies, and skills. Meaning that if the salary you are looking for lies in the 25th percentile, it is interpreted as being below the average market salary. 50th percentile is for market average salaries, 75th for above average salaries, 90th for already top competitive salaries in the market, and 99th would refer to among the best salaries on the market.

Can I download multiple salary data sets at the same time?

Yes, in the “compare salaries” section, you will find a button to download all your selected data.