Our Experts Are Here to Design Salary Structure

Designing of a salary structure or pay range for a set of roles requires thoughtful consideration and planning – but unfortunately most of the times those responsible for hiring do not always have the resources, time or indeed expertise to deliver.

For a well-accepted Salary Structure Design it is crucial to understand the market based pay differentials, internal career developmental plans and learning and development procedures are essentials for deploying a desirable salary structure. Another important benchmarking criterion is the consideration of the employee expectations what they consider to be a fair basis for salary progression is important. For example in one scenario it might be that in one organization the attainment of qualifications may give rise to pay increments, whereas another business may be devoted to market pricing or merit based increases. No two organizations are identical and we have a high ability, gained on experience, to tailor pay structures customized to the needs of Organizations belonging to a wide array of industries.

Pay structures and pay differentials can be underpinned by job evaluation or some other form of job leveling tool, or can be focused more externally, relying on pay benchmarking to inform the design of salary ranges, whether they are narrow band, a collection of spot rate salaries or broadband salary ranges. At all cost the Pay structures or salary ranges need to be set at a level which aligns to the market positioning of the labor markets desired by the organization, however the course for navigating from current to proposed structure has to be propelled with great care, especially if trades unionis involved. In every case the employee expectations need to be managed in line with affordability of any market based pay adjustments.

Many organizations public or private have learnt this over the course of time that, the pay structure or salary ranges which are determined at a moment in time should prove long lasting, which accentuates the importance of making wise, well-considered decisions which can endure over the years for generations to come. Our experts in Business Partnerz have helped many organizations through the years in crafting salary structures for attracting and retaining the most talented people, ensuring salaries are set and progressed with standards that are compatible to market based pay and other key considerations, alongside keeping the Equal Pay risk and similar practices at bay which are viewed as unfair in the eyes of the employees.