 The
table to the right shows the steps involved in designing any
job based salary program. Simply put, the process involves
agreeing on what is to be valued, internally determining the
relative value of the job (of skills), obtaining the external
value if possible, and then resolving any differences in an
intelligent manner. The results may then be used to develop a
grade hierarchy and to determine pay ranges that can be used
to help determine salary levels in an equitable manner. All of
this must be done within a philosophical framework that is
consistent with the organization's managerial style.
ECI
consultants specialize in helping employers determine simple,
cost effective approaches to designing pay for performance,
skill based, competency based and other approaches to base
salary programs. We developed "Career Path Job Evaluation"
as a simple answer to the complicated issues involved in most
approaches. Contact us for details.
For
more resources on developing salary administration programs to
fit your organization, see our "Articles &
Speeches" section.
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