
In a globally networked economy, up-to-date and precise information on wages and salaries is a decisive competitive factor. Companies must be able to realistically calculate their personnel costs and precisely understand international differences in remuneration. The wage and salary benchmark data from costdata provides a reliable and comprehensive basis for this. It enables purchasing, controlling, human resources and production decisions to be made on a fact-based data foundation.
The database provides detailed information on gross wages, non-wage labor costs and capacity costs, enabling complete and transparent personnel cost planning. It not only shows average values, but also takes into account regional and industry-specific features that are often overlooked in traditional market analyses. This creates a realistic picture of the actual wage structures in different countries, industries and fields of activity.
A particular advantage of the wage & salary benchmark data is its global availability. Companies can access data from more than 190 countries - from Germany, the USA and China to smaller markets in Africa, Eastern Europe and South America. This international perspective makes the database an indispensable tool for multinational companies that want to compare their production sites, adapt personnel strategies or tap into new markets.
The inclusion of pay zones, border regions and industrial parks ensures an exceptionally high level of accuracy. The data goes far beyond average values and reflects real wage situations - including supplements for shift work, weekend work and collectively agreed activities. Regional differences, such as between urban centers and rural areas, are also taken into account. This provides companies with a sound basis for realistically calculating and optimizing personnel costs.
The database can be used in a variety of ways. In cost engineering and controlling, it is used to create precise calculations and for budget planning. In personnel planning, it supports companies in developing competitive remuneration structures, while in purchasing and product development it is used as a basis for cost comparisons and price negotiations. By analysing capacity costs, potential savings can also be identified and risks from unforeseen production interruptions minimized.
In addition, the database enables well-founded market analyses to monitor salary developments and industry trends over the long term. In this way, companies not only maintain an overview of current salary structures, but can also react to changes at an early stage. This creates planning security and strengthens competitiveness - both regionally and internationally.
Wage & salary benchmark data provides companies with a powerful tool that creates transparency and enables data-based decisions. It provides the basis for comparing personnel costs globally, optimizing budgets and making strategic decisions based on reliable facts - regardless of industry, region or company size.
