A compensation satisfaction survey is a powerful tool to gather insights into employees' perceptions and HR departments to make informed decisions about salary structures, bonuses, and other employee benefits.
It helps organizations remain competitive in attracting and retaining top talent.
Here, we'll walk you through the process of creating a compensation survey from scratch using Formaloo.
Let's get started!
Step 1: Open your dashboard and create a blank survey
Add your questions and use different field types to gather specific information;
Score 0-10 field
In the survey, use the "Score" field for questions like "On a scale of 0 to 10, how satisfied are you with your overall compensation package (salary, benefits, bonuses, etc.)?"
This lets respondents easily rate their satisfaction and provides a clear numerical measure for comprehensive analysis.
You can customize the scoring of your forms. You can set minimum and maximum scores for each question.
The default max and min score range is 0 to 10. However, you can change this range to any other value you want.
You can also add text that will be displayed to the user for the maximum message and minimum message.
For questions such as "How do you feel like you receive bonuses, commissions, or other forms of incentive pay fairly?" or " How does your compensation compare to what you believe you deserve for your experience and skills in the current market?", you can use the 'Single-Choice' field.
This functionality presents respondents with a range of options, facilitating to choice of preferred benefits.
Measure satisfaction with a user-friendly scale.
The CSAT field allows respondents to express nuanced satisfaction levels, offering valuable feedback on the perceived effectiveness of the compensation strategy in supporting the organization's goals.
Long text field
The "Long Text" field is designed for questions that invite detailed responses, such as "What are the most important factors you consider when evaluating your compensation package?"
or " What are your biggest concerns or frustrations with your current compensation?"
This field type allows respondents to provide extensive and open-ended feedback, offering valuable insights into specific thoughts, suggestions, or concerns.
Step 2: Customize and design your compensation survey questionnaire
Navigate the right-side menu to change color and overall layout. There are different options on the settings tab.
Add your logo, Change the background, and customize the submit button color.
Write a short description on the first page of your compensation survey to Increase participation and set clear expectations for the survey.
Step 3: Publish and share your compensation survey questions
After finalizing your survey's content and design, publish your compensation satisfaction survey questionnaire to go live.
Formaloo provides diverse sharing options to embed into your website or send the direct link. Choose the one that best fits your audience and share away.
Step 4: Set up email notifications to receive new responses
Enable "Notify Respondents" to receive an email for new survey responses.
You can also forward a copy of each response to your team members from the "Forward submit Email to" section.
You can also add an "Email field" to your form, enable "Send submitted data to the submitter" and send the result for each user after submission.
Step 5: Create a portal and share your survey results
Use Formaloo's portal to easily share compensation questionnaire results. It's great for clarity and promotes a collaborative work environment.
It's a simple way to keep everyone in the loop and encourage collaboration among employees.