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Best Practices for Designing Salary Structures

White Paper Published By: Kenexa
Published:  Aug 30, 2011
Type:  White Paper
Length:  4 pages

Salary Structures assist an organization in building a framework for administering their compensation programs. Effective administration of a compensation program requires a balance between the pay levels for employees inside the company-internal equity -and the pay levels those employees could command in the company's recruiting markets-external equity. This white paper provided key insights on developing salary structures, exploring topics such as: job evaluation process, building the structures, range spreads, broadbands and some administrative issues concerning structures.

Tags : 
kenexa, designing salary structures, merit planning, merit matrix, compensation planning, job-worth hierarchy, job evaluation structure, pay grades