Salaries for emerging markets jobs need to stay competitive in order to keep the employees you value and recruit new staff. But what is the average salary for an investment banker, for example? Or, what is a typical stockbroker salary? It is important to determine salary expectations for emerging market employees by comparing similar positions at other companies in your area.

Many factors come into play when determining the average salary for an emerging market job. Use the following tips to help you come up with basic salary guidelines for emerging market employment:

1. Use online salary tools to come up with fair pay scales for emerging markets jobs based on several variables.

2. Search job boards for examples of current investment banker salaries and stockbroker salaries based on job description, location and experience level.

3. Purchase salary surveys and hire consultants to help you determine competitive compensation and benefits for your emerging market staff.

Action Steps
The best contacts and resources to help you get it done

Determine fair pay for emerging markets jobs using salary tools

Emerging market salaries really run the gamut due to several factors, including job type, experience level, company size and location. Deciphering what a specific position is worth can be dizzying. Fortunately, there are a variety of emerging market salary tools available that are easy to use and typically provide current information on salary expectations for emerging market employees.

I recommend: CBsalary.com has a salary calculator that lets you search for the average salary of an emerging market job based on location. Monster has a basic Salary Calculator, or you can purchase a customized, 14-page Personal Salary Report.

Compare broker compensation on national and international job boards

You can research all day long and find plenty of hypothetical references, but sometimes real-life examples provide the best information. Check your local newspaper's classified section or search online job boards to find average brokerage salary information from real job postings. Keep a log for a few weeks to see if a pattern emerges. Don't forget to explore international postings, as emerging markets jobs often take people around the world.

I recommend: EFinancialCareers lets you search for job listings with emerging markets compensation information based on keywords, sector, location, type of position and other variables. Find specific compensation offers for emerging market managers on the job board at Emerging Globe Group, LLC.

Keep employee benefits in mind when establishing compensation for emerging markets jobs

Salary is not the only factor to consider when determining emerging markets compensation. Benefits such as medical and dental insurance, vacation pay, life insurance, flexible hours, casual dress and more are factors for many workers. Keep all benefits in mind when coming up with emerging market.

I recommend: Order a compensation survey from Mercer to get detailed statistics on emerging market salaries and benefits. Compensation Resources, Inc., can help you create a fair broker compensation package with good benefits and incentives that still meet the budgetary needs of your business.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you're a small outfit that is having a hard time matching the broker salaries of larger firms, tout more responsibility and room for growth to prospective employees. Offer impressive titles as another benefit.