Services
Salary Administration
For the majority of people in the workforce, base salary is the most important element of their total compensation package. Employees regularly measure their own success by their salary level, how it gets adjusted periodically and how well they can maintain their standard of living. However, their title, their grade within the organization and their job duties and responsibilities within their respective department are also perceived to be important. Effective salary administration accounts for all of these factors among others and when successfully applied provides an effective tool for attracting and retaining talented people to an organization.
Salary administration is an umbrella concept that covers a variety of human resource tools and tactics. These fall into several categories including:
- Developing a compensation philosophy
- Evaluating positions for internal equity
- Establishing external competitiveness
- Developing an internal salary structure
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