I have been tasked to create a salary structure, and all I have to work with is internal data (current salary, job levels) without any market data. Is this doable? Can someone give me some insights on how I can do this?
From Singapore, Singapore
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From Singapore, Singapore
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In my view, without considering market data, the pay restructuring exercise based solely on internal parity will be lopsided and incomplete. It will not help you in arresting the attrition of talents.
Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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635Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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I totally agree on this part, but the company would like to do this for a start and sieve out outliers. What I have to work with is 2012-2013 data, which I will then need to age for reference's sake.
From Singapore, Singapore
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From Singapore, Singapore
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For this exercise, what is first and foremost is a very sound job analysis, grouping jobs of similar skill, knowledge, education, or experience levels together, and then building a hierarchical structure. Furthermore, analyze whether the present salary level matches the job/skill level to determine parity or disparity across the jobs.
Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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Job Analysis.doc
JOB DESIGN & JOB ANALYSIS.ppt
Job Analysis.pdf