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Salary Analysis &
Compensation Strategy

Tailor-made compensation strategies built around your real business challenges

Every organisation has its own structure, dynamics and objectives. That is why our salary analyses are fully customised, designed around your specific needs, constraints and organisational reality. We combine your business priorities with market data, salary trends and real-life recruitment insights to deliver reliable, precise and immediately actionable results.

Our studies are based on the analysis of executive and expert-level recruitments, continuously enriched through our ongoing assignments. This represents a unique volume of salary data in Luxembourg, enabling us to define the right salary scale and pay scale for each role, seniority level and sector.

Our consultants have an in-depth understanding of employee expectations and the compensation mechanisms specific to each profession. This hands-on market knowledge allows you to make decisions fully aligned with the market, based on concrete salary analysis rather than estimates.

Unique market precision
100% customised approach
A powerful decision-making tool

We answer your real strategic questions

We intervene when organisations need fast, reliable analysis to support critical decisions:
Is our compensation package competitive enough to secure a rare profile?
What total package (base salary, bonus, rewards strategy and benefits) should we offer?
How should we structure a promotion or salary increase in a fair and consistent way?
Which compensation and benefits truly support employee retention?
Is our compensation strategy still relevant for 2025 and beyond?
How can we calibrate our rewards strategy to reduce turnover among key teams?

We deliver clear, quantified and directly actionable answers.

What we offer

Our compensation strategy services

01.

Tailored Salary Studies & Dedicated Compensation Analysis

We design your salary analysis based on your specific situation: a single role, a team, a department or an entire sector.

Our customised compensation studies include:

Salary ranges calibrated by level and industry
Ratio analysis (fixed vs variable, cost vs value, seniority vs performance)
Long-term incentives (carried interest, phantom shares, co-investment)
Real valuation of benefits and rewards
Recommended market positioning: median, Q3, Q4 or “war for talent”
Detailed sector and seniority analysis

02.

Targeted Salary Surveys & Custom Benchmarking

We conduct targeted salary surveys focused on your direct competitors to provide a realistic assessment of your market positioning.

Our benchmarking includes:

Analysis of 3 to 5 direct competitors
Role-by-role salary and package comparisons
Market tension heat maps (hotspots)
Compensation trends and expected market developments

03.

Design or Redesign of Your Global Compensation Strategy

We structure your compensation strategy to align salary scales, bonuses and benefits with your overall HR and business strategy.

Our work covers the entire compensation framework:

Short-Term Incentives (STI): bonus grids, triggers, deferral mechanisms
Long-Term Incentives (LTI): carried interest, phantom shares, management incentive plans
Architecture of compensation plans and benefits
Pay transparency and internal alignment
Recommendations for promotions and salary increases

What you receive

Our Premium Deliverables

Comprehensive, tailor-made salary analysis report: precise salary ranges, market trends, segmentation by seniority and role.
Custom benchmark against key competitors: Comparison of salaries and total compensation packages offered by your direct competitors
Strategic recommendations for your compensation strategy: salary structure, variable pay, benefits and internal consistency
Compensation & employee retention action plan
Executive-ready summary for Executive Committee or Board presentations

Why Our Salary Studies Give You a Real Market Advantage

Real, up-to-date and contextualised data

We use data from completed recruitments, direct candidate interactions and sector analysis. Your organisation receives precise salary ranges with ±3–5% accuracy, segmented by seniority, performance and role scarcity.

A customised compensation analysis

Our analysis is aligned with your structure and objectives.

We integrate your retention priorities, growth plans, team projects, performance challenges and critical roles.

A strategic tool for HR decision-making

Promotions, performance reviews, salary adjustments, bonus calibration, long-term incentive design, every decision is supported by data.

A deep understanding of compensation trends

We continuously monitor salary trends, evolving compensation ratios, best practices in compensation plans, and real employee expectations.

Our consultants: sector-specific expertise in compensation analysis and strategy

Each Morgan Philips consultant masters the specifics of their sector: investment funds, PSF, banking, law firms, technology, industry, real estate and more.

This sector expertise ensures:

Compensation analysis tailored to your organisation
Accurate interpretation of market trends
A detailed understanding of role-specific compensation mechanisms
Structured recommendations that accelerate decision-making
Outcomes aligned with your business objectives

Our consultants benefit from continuous training in advanced rewards strategy and compensation and benefits, ensuring you receive best-in-class market practices.

This level of insight cannot be replicated through automated tools or standardised studies.

Raphaël Cohen

Associate Director

Make HR Decisions Based on Reliable, Precise Data Aligned with Your Business Reality

Contact our experts to structure a tailor-made salary analysis, optimise your compensation strategy, and strengthen your competitive advantage?

Contact a Compensation Strategy Consultant

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Frequently Asked Questions

What is a salary analysis?

A salary analysis is an in-depth study that assesses the compensation level of a role, a team, or a department in relation to the market. It takes into account base salary, variable compensation, benefits, and pay practices in order to help companies define a coherent and competitive compensation strategy.

Why conduct a salary analysis?

Conducting a salary analysis helps secure HR decisions related to recruitment, retention, and promotions. It enables companies to understand their market positioning, attract key talent, reduce turnover, and build a compensation policy aligned with business objectives and market realities.

What is the difference between a salary analysis and a market study?

A salary analysis is tailored and company-specific: it considers the organization’s structure, industry, direct competitors, and internal challenges. A market study is more general and provides average, often self-reported data that does not always reflect the reality of a specific role or context.

When should a salary analysis be conducted?

It is recommended to carry out a salary analysis during strategic hiring, periods of growth, reorganization, promotions, or when a company experiences retention challenges. It is also useful for updating compensation strategies in response to rapidly changing market conditions.

What criteria are considered in a salary analysis?

A salary analysis takes into account several criteria, including the scope of the role, level of seniority, required skills, talent scarcity, industry sector, expected performance, compensation structure (fixed, variable, benefits), and positioning relative to competitors.

Our Complementary Services

To strengthen your HR decisions and optimise overall organisational performance, your skills assessment can be combined with our other areas of expertise:

HR Consulting

Within the framework of your HR outsourcing strategy, we help you rethink your organisation and your HR practices to support growth, transformation, or operational efficiency.

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