Unlike other salary benchmarks being carried out, you can trust that Indigo Benchmarks relies on real data which has not been inflated or manipulated in any way, and which gives you an unbiased view of the current salaries being paid across our islands.
We understand that as an employer you need to know if your salaries, increments and compensation offers are competitive within the market. If you are setting up a new business, for example, it is crucial for you to have a clear view of the investment needed for your human resources.
We hear you when you say that today’s hiring efforts have become a nightmare both in costs and timelines. A key purpose of Indigo Benchmarks is to give you a thorough insight into the real picture of local salaries, enabling you to compensate your people fairly and consequently reduce staff turnover. Additionally, Indigo Benchmarks will reduce time-to-hire and overhead costs by supporting you in making accurately informed salary package offers based on the actual, current market indicators.
Deep, large-scale, local insight
With its full integration with Malta’s largest payroll system: Indigo Payroll, Indigo Benchmarks’ results are being automated through the Indigo system which is updated daily. Unlike current salary benchmarking options available on the market, which are liable to several inaccuracies due to them being based on much smaller sets of data. Indigo Benchmarks is sourcing aggregated information from thousands of data points, over 8,300 job descriptions from over 4,500 Maltese companies.
Live, real-time salary benchmarks
When relying on reports that are not real-time, organisations are risking basing their decision-making on huge inaccuracies as the recruitment and retention climate is volatile and unpredictable. In comparison, the Indigo Benchmarks platform is refreshed daily. One can effortlessly gain instant information on current salary and benefits benchmarks for any job position, leading to making correct and fair job offers, salary increments, or understanding if the company workforce is being fairly compensated.
Re-empowering HR functions
Over-inflated data which so far has been based on unreliable sources has caused an employees’ market. We want to change that and balance things out. We have developed Indigo Benchmarks, so that HR professionals can feel safe in the knowledge that they are not held hostage by data which is over-inflated, outdated and inaccurate.