Introduction
If you’re in HR, you know that time is rarely on your side. You’re expected to make quick, strategic decisions around pay, hiring, and retention, as well as all the other HR tasks, often without the right data to back you up.
And yet, many HR teams are still waiting weeks to receive salary benchmarking quotes from external providers. HR teams know that speed and precision are everything, so this approach is outdated, and it could be costing your organisation more than you think.
Why Waiting for Salary Benchmarking Quotes is a Risk
The traditional salary benchmarking quoting process usually goes something like this:
- You submit a request
- The provider takes time to review it
- A bespoke proposal is drawn up
- You go back and forth to refine it
- Eventually, you receive pricing and scope
And that’s just to get the quote. Only then can the actual benchmarking work begin, which can take up to two weeks, depending on the complexity and number of roles.
So instead of getting straight to the insights you need, you’re stuck in an admin loop that can drag the full process out to 30–60 days or more. All the while, your recruitment decisions are on hold, or you’re losing valuable team members to competitors.
Meanwhile, candidate expectations have changed. According to LinkedIn’s Global Talent Trends Report, top candidates are off the market in as little as 10 days. So while you’re chasing a benchmarking quote to determine where to pitch your new role, your competition has already hired.
The Hidden Costs of Delay
Waiting for salary proposals might seem like a harmless admin step, but it’s quietly undermining your broader HR goals. Here’s how:
📉 Slower Time-to-Hire: Decision-makers won’t greenlight offers without accurate data. Every delay means extended vacancies.
⚖️ Misaligned Offers: Without current benchmarks, you’re more likely to underpay, and lose great candidates, or overpay and face budgeting issues.
🔁 Turnover Risk: Existing staff may leave if they find out their pay isn’t competitive. Nearly 63% of UK employees have considered leaving their job due to salary dissatisfaction (Indeed UK, 2023).
Instant Quotes: A Smarter Way to Salary Benchmark
At Mase Consulting, we’ve removed the friction.
With our instant pricing for salary benchmarking services you don’t have to chase companies for quotations and wait endlessly for proposals to be drafted.
This is a game-changer for busy HR teams who are often under pressure to provide data to the senior leadership team. Our tailored quote is delivered to you within minutes, reducing your time-to-hire.
It’s clear and simple. Your business will know exactly what you will be paying before committing, with no hidden fees or drawn-out conversations. When you’re ready to get the ball rolling, you can accept the quote.
What the Data Says
A few stats to consider:
- 72% of HR professionals say compensation benchmarking is “critical” for workforce planning (CIPD, 2023).
- 67% of organisations that improved their hiring timelines did so by accessing salary data faster (Personnel Today, 2024).
- 60% of UK businesses report losing candidates due to delays in offer approval (REC UK, 2024).
The message is clear. Delays cost you great talent.
Final Thoughts
Speed matters when it comes to hiring and pay decisions, and delays cost more than you think.
Waiting for quotes elongates the salary benchmarking process be it for talent acquisition or retention purposes.
No delays. No fuss. Just straightforward pricing to help you move faster and lead with confidence.
To see the costs for your business, get your quote here.
If you have any other questions regarding Salary Benchmarking, you can call our team on 0161 870 5000.
