The standard operating procedure (SOP) for implementing a compensation re-structuring in business organizations is to GET PROFESSIONAL HELP!
Professional consultants like me will be able to help you in all the above things you mentioned. You cannot learn them here---- in a few discussions and readings.
Call me if you can get an approved budget for this matter.
Ed Llarena, Jr.
Emilla International Consulting Services
5th January 2014 From Philippines, Parañaque
Actually I am not planning to execute it in my organization for now, but trying to enhance my knowledge so that we could put some effort in this regard.
If possible, Please share a framework with me, I would really appreciate your utmost support.
Thanks & regards,
6th January 2014 From India, Ghaziabad