The free to use online tool uses a high tech algorithm which is built around recruitment experts, Motor Trade Selection's real world in depth knowledge and detailed tracking of industry pay scales, dating back to 1971, combined with responses to the Motor Trade News online survey.
The salary calculator uses a unique questionnaire methodology which allows individuals to generate a secure PDF report which includes a personalised calculation showing upper quartile, lower quartile and market rate earnings for each individual based on their specific personal circumstances.
Motor Trade Selection's deep understanding of franchised dealers means that the online salary calculator covers 38 different marques, including all of the mainstream franchises plus the significant luxury and niche brands.
The personalised salary calculation also takes account of the type of business that the individual is working for, business volumes, geographical location and whether the business is owned by a group and the size of that group.
The job roles covered by the Motor Trade News/Motor Trade Selection salary calculator include every department within a franchised dealership and range from Group Directors to Dealer Principals and General Managers through to Sales Managers, Aftersales Managers, Support roles and even Finance positions.
The online questionnaire asks individuals to specify their levels of responsibility and authority which enables the underlying technology to accurately map their position against the tens of thousands of real world observations which have been recorded by Motor Trade Selection.
The system provides individuals with a secure PDF detailing their answers, an explanation of the factors affecting their salary as well as the salary calculation for their specific position.
Motor Trade News Managing Director, Gordon Lyster, says: 'For the first time ever there is an accurate salary calculator tool which can give managers working within UK franchised dealerships a useful measure of the market rate for the role that they currently working in. As a business publisher focussed on the franchised dealer space, we see business and individuals struggling with the opaque subject of salary, basing decisions on hearsay and gut feel. Finally by combining our online technology with the detailed know-how of an acknowledged sector expert like Motor Trade Selection, there is a way of calculating salaries based on real world observational data.'
Guy Liddall, who runs Motor Trade Selection, says: 'Every manager needs to know that their earnings are in line with the market. It is a crucial piece of information for their own personal career development and we have always shared this with every candidate we meet. Having contributed to national salary surveys for many years, we are delighted to team up with Motor Trade News and create a unique tool for the industry, one that will adapt to market conditions and report accurately and dynamically on salary levels across the industry.'
The salary calculator can be accessed at www.motortradenews.com/