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How does the compensation policy connect with the Institutional Strategy?…
How does the compensation policy connect with the Institutional Strategy? The People Strategy?
Strategic Objective 4 - Workforce diversity. In the ICRC Strategy, the ICRC needs to put together the environment for a diverse and inclusive workforce.
Employee Experience
Staffing the ICRC - to have a proper benchmarking, we need to have competitive salaries to attract right talent.
Have a proper framework to be consistent
Consideration of donors and using funds responsibly
Consider benefits package in entirety
Respecting policies to ensure fairness and equity
Consistency with type of position and movement within the organisation
Retention
Looking at the workforce globally, One Global Workforce.
Protecting our People, ensuring workforce security in salaries are protected.
How we compensate. Increasing workload, ex: emergency situations
Well-being of staff especially in the humanitarian sector
Duration of colleagues taking additional responsibility rather than hiring someone new.
Embracing the Digital Transformation
Who are we hiring from "hot" industries /areas ?
how are we attracting these types of candidates using one single comp policy?
Bringing a balance between older workforce and newer workforce. Flexibility in application of policy.
Salary Setting
What role does internal equity play in setting salaries, if any?
Must be balanced
A new employee must not necessarily be lower than existing employees in same position
Previous experience must be taken into account
One size does not necessarily fits all
Pay attention to employees relations
Lack of internal equity may increase turnover
Reduce potential legal risks
Why do we need structured employee compensation? How do tiers fit into this structure?
transparence, clarity
Supports people strategy
Big organisation
Tiers helpful for hiring salaries
Internal equity
What are the main considerations to make when determining a starting salary of a new hire?
Look at peers in same job/grade
Market survey: how difficult it is to find the right profile
Scope of the job
Previous experience
How to address returnees expectations
What are the salary implications when an employee changes grade?
No impact if salary is already at or above max of new grade
Positioning of salary within the range
Usually a salary increase
At least min of new range