Our team of experts shares their thought leadership, analysis, and market commentary through the resources listed below.
Never has there been any other solution that can address so many HR needs. It's so versatile that it can support different human resources activities using one simple and integrated approach.
Finally, organizations can do away with the outdated traditional methods of time-based steps on a fixed calendar schedule and the muddled approach of merit increases. Community™ Skills makes it possible for managers to measure skills, knowledge, and experience through explicit stages and indicators making this one of the most innovative...
Assessing the skills of your staff will also greatly support your organization’s strategies around capacity building and career development. Knowing the skill level of your entire workforce enables managers to identify and create the necessary initiatives that will help close existing skills gaps and facilitate the movement of staff, either...
Now that your salary scale and benefits package is ready, the final step is implementing your new scale and communicating the changes to your teams. Equipped with your analysis and overall cost implications against your budget, you will now need to secure the necessary approval from management.
Designing and refining salary scales is both a technical exercise and a sensitive one. It will be a trial and error process until you get as close to your target as possible. It is crucial to keep certain steps in mind every step of the way.
Analyzing your benefits package is crucial to ensure your policy aligns with your market's local conditions. Determining which benefits your company provides, the frequency it is provided, and grade levels eligible to receive them can be used a strategy to attract and retain talent, showcase company culture, and be seen...
Measuring your market position is a critical step in building your salary scale. Once your target comparators have been narrowed down and the target percentile has been identified, analyzing your salaries against your chosen external market to arrive at recommendations that will frame your overall pay structure is when strategies...
After establishing your compensation policy, creating your job structure, and participating in your chosen salary survey, determining your composition and position in salary surveys is the next crucial step towards building your salary scale.
An organization’s job structure provides the framework to which organizations can apply policies on compensation management, as well as design strategies around learning and development, specifically on career opportunities and promotion, all aligning to the company’s overall business objectives.