PAY GRADING
CASE STUDY
PAY GRADING
Based on Job Evaluation
An effective job evaluation helps the employee understand what he is doing well and whether he has capabilities beyond his current job function. For the organization, a job evaluation can help the organization to implement effective salary structures and grow efficiently. Understanding the benefits of a job review to the company can help managers better prepare for, and execute, their employee evaluations.
CHALLENGES
We received
Internal equity between similarly valued jobs
Opportunities for career movement across the Organization
Create pay grades to simply & classify jobs
Transparent compensation principles, practices and programs
Establish pay ranges for each job with a minimum, maximum, and midpoint to the range
OUR SOLUTION
- Develop compensation philosophy and strategy in line with company philosophy and growth.
- Design & implement C&B structure, systems and processes to attract, retain and enable employee development.
- Pay Grading post a thorough Job Analysis and refining Pay Structures across levels for clients
- Introduction of Pay For Performance after conducting a systematic analysis
- Job Evaluation through Point Factor.
- Creating Pay Grades for Incumbents
- Position Profile Change
- Pay For Performance
- Promotion Policy
- Increment Policy
- Conducted Job Analysis
- Determined and defined the compensate factors.
- Scaled the factors (define factor degrees).
- Weighted the factors according to importance
- Assigned points to degrees within the factors or sub factors.
- Assigned Points to the Jobs
- Structured them into Pay Grades.
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