Labor Market Research
Labor Market Research is the analysis of information conducted to obtain statistically reliable data regarding salary levels and the list of motivational bonuses used by companies within the same industry or with similar profiles.
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The results of this labor market analysis form the foundation for the development of human resources policies across various directions.
Given the high mobility of the labor market, it is essential to monitor it at least once a year in today’s dynamic environment..
An independent study conducted by MPH Vostok will assist you in justifying the need for changes to other decision-makers involved in the process (for instance, when presenting a hiring plan to company executives or specific departments).
Data collection methodology
Gathering information on proposed salaries and compensation packages in target companies for the researched positions.
Interviewing employees occupying the researched positions in companies relevant to the client.
The data obtained through these two methods is validated by experts at MPH Vostok and undergoes statistical processing, resulting in a report that provides salary distributions for each position studied, breaking down maximum, minimum, average, and median figures.
Benefits of MPH Vostok
Deep expertise in 8 key Industries
We possess up-to-date information on market conditions.
Tailored approach
We align the research objectives, timelines, sample size, and information sources with your specific needs.
Data Integrity
The collection and analysis of data are conducted by multiple experts with subsequent cross-verification. The combination of two methods ensures the most accurate information.
Speed and Relevance
The average timeframe for report preparation is 4-6 weeks.
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