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Cramer Management Consultants

Thursday, 03 April 2014 00:00

Compensation Development

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Equity-Human-Resource-Training

Job evaluation provides the best foundation for a total compensation system that is both internally and externally equitable.

Internal Equity - How much is this job worth?

Finding the level of compensation that attracts the best talent without draining the company’s resources is tricky business. It is tricky because you can easily upset internal equity. We know that pay distinctions matter to everybody in the workplace. When employees are eager to advance their career and gain status within the organization, they become demotivated when they perceive they are not being paid for the value they bring. Or worse, if they perceive someone who brings less value is being paid more.

CMC’s job evaluation process establishes internally equitable and non-discriminatory compensation for each position and person in your company by developing a basic internal hierarchical structure. This structure is founded on objective, compensable factors and also one that will continue to meet the company’s objectives through these changing times.

External Equity—how does our pay compare in the market?

CMC uses the most current, industry-specific data which are gathered from multiple sources and compiled by reliable compensation research organizations. Using this specific geographical data allows you to compare your wage structures to current market information and evaluate and improve your competitive position for the best employees. CMC can develop s various compensation structures that fit your company’s goals and objectives and allow you to pay and easily maintain competitive wages to attract, retain, and motivate the very best.

Job evaluation provides the best foundation for a total compensation system that is both internally and externally equitable.

 

Read 2228 times Last modified on Tuesday, 12 August 2014 20:09
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