Transcription of Developing a Competitive Salary Structure
{{id}} {{{paragraph}}}
Developing a CompetitiveSalary Structure2 | ERI Economic Research Institute | Developing a Competitive Salary Structure | September 2016 Consider this example of a simplified Compensation Strategy within the Total Rewards Strategy:Compensation Performance ManagementBenefits Work-Life EffectivenessRecognition Career DevelopmentTotal Rewards StrategyHuman ResourcesStrategyBusinessStrategyA Competitive Salary Structure should be based on a well-designed Compensation Strategy that is thoughtfully linked to an organization s Total Rewards Strategy, Human Resources Strategy, and Business Strategy.
Salary Grades and Aged Base Salary market data above, the formula suggests that 13.92763% be used as the Midpoint % Progression for the preceding set of numbers. The 13.92763% midpoint progression can be calculated by multiplying the Salary Grade 1 midpoint of $61,882*(1+.1392763) to attain the midpoint for Salary Grade 2. Each midpoint
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}