Establishing Strategic Pay Plans

salary compression

incentive compression

aligned reward strategy

bonuses compression

benchmark jobs

salary survey

permanent job

temporary job

external equity

internal equity

compensating equity

collective equity

external equity

internal equity

individual equity

all of above

job complexity

employer’s ability to pay

executive’s human capital

all of above

employer’s ability to pay

employer’s ability to hire

employer’s ability to train employees

employer’s ability to grow

problem solving

creativity

technical knowledge and expertise

all of above

point method

factor comparison

job classification

alternation ranking method

time based pay

performance based pay

bonuses

salary incentives

combining ratings

ranking jobs

selection of compensable factors

grouping jobs