Creating the salary scale and sustaining it moving forward requires a Compensation Policy in place to guide the organization to use and maintain its salary scale effectively. A standard Compensation Policy is developed for organizations ideally before creating their salary scale but can also be developed in conjunction with the salary scale design project.
Although the Compensation Policy service is often linked to managing an organization’s salary scale, Compensation Policies can also be developed should an organization require a framework for moving staff within their grades (Community™ Skills) or a framework for managing annual performance evaluations (Community™ Performance).
Our Compensation Policy Consulting service is suitable for organizations that:
- Do not have an existing policy in creating or managing their salary scale, or has an existing policy that requires updates
- Do not have an existing policy in managing staff within their grades or assess readiness for promotion, or has an existing policy that requires updates
- Do not have an existing policy for managing performance evaluations, or has an existing policy that requires updates
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