USA
USA
USA
Pay Model
Totality of Decisions
Internal Alignment
Job analysis
Job Based Structures
Production - the action of making or manufacturing from components or raw materials, or the
process of being so manufactured.
Reduction - the action or fact of making a specified thing smaller or less in amount, degree,
or size.
opening a new facility or closing one near the companys operations. In the
last example a plant opening could increase competition for talent, while a
plant closing could significantly increase the labor pool and lower the cost of
hiring new people.
Listen to managers up to a point. In some cases front-line managers will
bring salary-structure issues to HRs attention. These managers insight can
be important in determining if salary-structure issues exist. After all, frontline managers are more likely to hear from employees who think they can
earn more elsewherebefore these individuals leave the company. They are
also likely to more readily recognize difficulties in filling positions in their
department. This insight can indicate that specific areas of the salary
structure are out of alignment.
Link the salary structure back to HR strategy and the market. If the salary
structure does get out of alignment, it may not be tied closely enough to the
companys total rewards and HR strategy. When that happens, the
organization loses the strategic connection to how the organization
competes and drives value through its people, said Gary Kushner, SPHR,
CEO of Kushner & Co. in Portage, Mich. To bring the structure back in line
with the companys goals, link the HR strategy to a clear compensation
philosophy that will provide a framework based on competitive positioning in
the market and other factors, including regional economic conditions.
Moreover, a business in a declining industry, like paper manufacturing, faces
different requirements when it comes to maintaining a salary structure than
one in a fast-growth industry, like mobile technology or health care.
References:
Human Resource Management (Revised Edition), Christina Rafol Corpuz, Ph.D.,
Short Cases, pages 147, 196, 197.
www.merriam-webster.com
http://www.shrm.org/hrdisciplines/compensation/articles/pages/updating-salarystructure.aspx#sthash.9hx6N5oN.dpuf