A salary survey template is an effective tool that is used to determine the median or average compensation paid to employees in one or more jobs. Therefore, it is created to determine the prevailing salary rates for a specific work position to set salaries for a new business, or it may also be conducted to determine if employees or working people are being paid right for their skills. A salary survey is used to prepare a professional survey form which can outline whether an employee is being reasonably paid for the services which he/she is providing to the company. Generally, compensation data, collected from several employers, is analyzed to develop an understanding of the amount of compensation paid. A salary survey template can also be conducted in a single organization to gather its data about fixed remunerations of employees for a specified period of time. In other words, a salary survey provides data for a specified period of time through the questionnaire, which may be used as a closed-ended questionnaire. Importance of Salary Survey: The idea of using a salary survey allows an employee to understand how much he/she should be earning as compared to what he/she is actually earning.