Salary structures define employee compensation for different jobs or sectors of their career. The process includes setting salary ranges and pay grades based on market data and job roles. By the end of every year, it’s obligatory for compensation professionals to analyze pay ranges and think about jobs, moving positions, reviewing internal equity, or adding variable pay systems into the total reward compensation mix. This will encourage employees and lead to more productivity.

The Compensation format creates a clean and more understandable process for deciding an individual’s compensation. Learn how to create a fair but cutthroat compensation system and make happy your best employees. Attend our webinar to get the details with our industry expert.

Agenda:-

• What are employees' pay grades and salary ranges, and what determines their compensation?
• Determine the whole salary structure and its different methods of creation.
• A different way to evaluate employees for compensation and factors that influence performance/merit pay programs.
• Determine the interaction of pay grades and variable pay.
• Explanation of the method and timing to conduct an internal equity review.
• How to approach pay disparity and inequities without creating legal liability.
• A way to solve discrepancies between men and women in similar positions.
• Laws to keep in check while considering putting a compensation policy in place.