Salary Surveys & Benchmarking
Faststream Recruitment specialises in the search, recruitment and selection of Maritime, Shipping and Energy professionals. We partner with businesses operating in the Shipping, Maritime and Energy sectors to create bespoke salary surveys and benchmarking of roles in these sectors.
Reward strategies continue to play an important factor in the successful attraction, retention and engagement of the best talent in the market. The salary surveys and benchmarking reports we create for our partners offer them a competitive advantage in the war for talent in highly competitive skill short markets.
Find out more about the following:
Our global reach
We work with all types and levels of people and businesses across three key Maritime, Shipping and Energy locations in the Americas, Europe, Middle East & Africa and Asia-Pacific. We have unrivalled access to global talent.
We know your market
We partner with many of the world’s leading employers across the Maritime, Shipping and Energy sectors. Our clients represent a wide range of businesses including ship owners and operators, shipyards, consultancies, registries, class societies, training providers, equipment suppliers, technology firms, port agencies, law firms and P&I clubs.
The depth and breadth of our experience and expertise enable us to source the remuneration packages of hard to find talent in highly competitive skill short markets.
We know the people
We have unique access to Faststream’s global database, which is an unrivalled source of Maritime, Shipping and Energy professionals. We use sophisticated digital tools to ensure that we regularly update our database with our candidates’ latest CVs, qualifications, experience, compensation, benefits and motives.
We are constantly mapping the who’s who in our marketplace. Our reputation as a business and as individuals enables us to reach target candidates that others cannot, because of the relationships we have built up over decades of networking and recruitment.
The benefits of salary surveys and benchmarking
Salary surveys can help determine how your compensation structures measure up with the wider industry, or more specifically with your direct competitors. They also support strategic decision making on new salary scales and benefits packages.
Bespoke solutions to meet your needs
Our salary surveys and benchmarking reports are as unique as you are as an employer. We work collaboratively to create bespoke reports that meet your precise needs. We spend time with you at the start of each project to listen to and understand your requirements. We will also make recommendations utilising our previous experience to ensure you get the most out of the service.
Our focus and drive are based on your needs, and we use our unique skills to make this a reality.
Whether you want accurate salary data for specific roles, seniority levels or geographic locations, we can create a bespoke and up to date report to meet your needs.
We use our tried and tested techniques to acquire accurate, up to date and complete salary and benefits information. Our three approaches to data collection are:
Placements and Assignments. This is where we use data from past placements or recent job listings. We have been provided with the details directly and we are 100% confident in the accuracy of this data. All data remains anonymous.
Candidate interviews. This is where we have interviewed the candidate by telephone or video call, and they have provided us with their most recent remuneration information and expectations. All data remains anonymous.
Access to our talent pool. This is where we review our unique database of candidates and utilise the remuneration information that is no more than six months old. All data remains anonymous.
Our combined approach offers a more in-depth final analysis of the realities of the marketplace.
Examples of our salary surveys
All of the salary surveys and benchmarking reports we create are bespoke to our individual clients. Here are a few examples of the salary surveys we have completed recently.
We combine the data collected across our three sources and use sophisticated digital tools to analyse the data internally. All data remains anonymous and is converted when required into the currency requested by you.
Reporting and presentation of findings
Utilising our data analysis we will produce a salary survey report based on your requirements that creates insights into the competitive landscape of remuneration of your chosen area.
We can also utilise your internal remuneration information to compare and contrast against our findings and create a benchmarking report.
In addition, we can create presentations to give a broader overview of our findings or for you to use internally.
Call one of our teams or complete your details in the form below:
Examples of our Salary Surveys
Tanker Crewing Salary Survey
LNG and LPG
We were commissioned to gather and analyse salary and benefits information for seagoing positions, including Master, Chief Officer, Chief Engineer, 2nd Engineer, Gas Engineer and ETO/Chief Electrical Engineer.
Technical Shore-based Salary Survey
Shipping and Maritime
We created a bespoke salary survey to provide insight into the salaries, benefits and key candidate attraction factors for shore-based technical positions including Technical Manager, Technical Superintendent and Marine Superintendent.
Operational Roles Salary Survey
We produced a UK based market study to capture the compensation and benefits provided to Project Engineers, Purchasing professionals and Administrators.
Hospitality & Guest Services Salary Survey
Global Cruise Line
We were appointed to produce a salary and benefits report for seagoing positions, including Master, Chief Officer, Chief Engineer, 2nd Engineer, Gas Engineer and ETO/Chief Electrical Engineer.
Newbuild Site Team Salary Survey
Major Cruise Ship Owner
We were assigned to produce a salary survey and market intelligence report for site supervision, project management and design disciplines.
Chief Operating Officer Salary Survey
We were appointed to produce an Executive salary survey and benefits report for a Chief Operating Officer position.
What people say
Our salary survey highlighted a number of benefits that we could improve upon, as well as some that we had never thought were important. We feel our offering is now more well-rounded.
HR Crew Coordinator
The report that was produced was good, but it was the final presentation of findings that really brought the salary survey to life, highlighting the key takeaways for myself and the team.
Head of Human Resources
When we were recruiting for a number of roles, we wanted to make sure that the salary scales and benefits on offer were competitive in the market. The salary data we received ensured that they were when we went to market.
Talent Acquisition Executive