Compensating a Team BB
How do you go about determining how much your employees make? Do they tell you how much they are worth, and that is how you work out their total compensation? There are better ways. Knowing market values of your employees ensures that you remain competitive and are not swayed by irrelevant arguments; this saves the company money and keeps your workforce more satisfied. If they are not concerned with how much they should be getting paid, they can focus on the work you are paying them to perform. HR Matters uses solid, reliable data to determine how much your employees should be getting paid and then working with your organization to figure out how to make that happen.
This BB can include
This BB can include
- Defining and articulating compensation philosophy
- Identifying the important elements of the compensation package
- Internal compensation reviews and analysis aligning to the current market
- Developing criteria to move employees through the compensation grid, answering the age old employee question of how do they get paid more.
- Benchmarking salaries.
- Other recommendations as required.
- Training and coaching on how to handle salary negotiations.
