A salary survey is a tool used to collect and analyze data about compensation levels for various jobs within a specific industry or region. These surveys typically gather information on salaries, bonuses, and benefits from employees and employers, helping organizations understand market trends and pay standards. The results of salary surveys can assist companies in making informed decisions about their own compensation packages, ensuring they remain competitive in attracting and retaining talent. Additionally, individuals can use this information to negotiate their salaries or assess their earning potential in relation to their peers in the job market.