Compensation Or Salary Grade

Hi guyz,
Can anyone help me in giving insights regarding the Compensation and salary grade. I am to propose to management about our employees to give salary distinction from old employees to the newly hired ones. AS of today old and new employees have the same salary and benefit. thanks in advance...
tabashingshing

Greetings,

Compensation grading is an organization wide exercise. In case you are initiating it, please consider all the roles and functions. Before we suggest you, please share what is the strength of your organization? Which is the sector that you belong to and what is the core business ?

Your study for grading requires to be in-depth. Request you to read the discussions and documents shared in these links:

How to grade compensation - Discussion
Compensation Guidelines - doc
Model Compensation Structure
Grading sheet -xls
Broad Banding -ppt
Compensation Management - zip
Compensation Benchmarking
Compensation survey

ThankQ (Cite Contribution)...the links are helpful in getting an idea about compensation management...Thanks again for posting them here together... :)

Thank you for the great reply..... It increases my idea as well.... I am working in a hospital which i have to offer the management a proposal for this compensation and salary grade.... coz' most of the old employees are complaining about their salary...
Thanks for the help.... god bless

Dear (Cite Contribution),
Thanks a lot...
Its really very sweet of you. I had been searching for salary grades as i am assigned the task of grading the employees and also breaking the salary components as my organization is currently paying the employees a lumpsum salary amount without any segregation. your compilation is very beneficial to me at this time....
thanks again....
Regards.

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