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DESIGNING PAY LEVELS, MIX AND STRUCTURE (PURPOSE (STUDY SPECIAL SITUATION,…
DESIGNING PAY LEVELS, MIX AND STRUCTURE
DESIGN THE SURVEY
WHAT INFORMATION TO COLLECT
ORGANIZATION DATA
COMPENSATION DATA
WHO SHOULD INVOLVED
MANAGER AND EMPLOYEE
HOW MANY
PUBLIC AVAILABLE DATA
WORD OF MOUSE
WHICH JOB INCLUDE
BENCHMARK CONVENSION
BENCHMARK APPROACH JOB
LOW HIGH APPROACH
VERIFY DATA
ACCURACY OF MATCH
ANOMALIES
FORM POLICY TO PRACTICE
BROAD BANDING
UPDATE THE SURVEY
GRADE AND RANGES
THE PAY POLICY LINE
PURPOSE
STUDY SPECIAL SITUATION
ADJUST PAY STRUCTURE
ESTIMATE COMPETITIVENESS
ADJUST PAY LEVEL
ADJUST PAY MIX
STATISTICAL ANALYSIS
VARIATION
FREQUENCY DISTRIBUTION
CENTRAL TENDENCY