ERC will design or modify your existing salary structure based on industry best practices, and ensure it’s an effective tool for attracting and retaining talent.
What is a Salary Structure and why should we have one?
A salary structure is a hierarchy of jobs and salary ranges for an organization. The design of a salary structure should be aligned with your organizationsTotal Rewards Strategy, and support competitive pay levels and internal equity or any unique needs of an organization.
A salary structure provides a foundation for pay policy decisions and a framework for fair and consistent pay practices.
A salary structure typically includes salary ranges with a minimum, midpoint and maximum salary for jobs with similar levels of pay in the competitive marketplace.
A salary structure establishes and defines pay levels for jobs with career paths or supervisory relationships.
What will my organization receive throughout this project?
Market-Based Salary Structure:Industry best practice design of a market-based salary structure that supports all levels of your organization—from non-exempt through executive.
Employee Pay Analysis:Employee pay analysis to identify and evaluate job placement in the salary range, determine pay gaps, and to ensure the structure design is realistic and practical for your organization.
Implemention:Specific implementation recommendations and support.
Training:Onsite training and communication support for managers and employees.
Contact ERC to Get Started
Contact us about your interest in compensation and benefits consulting for your organization.
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