HR Guide to the Internet:Compensation: Development of Salary Administration Plan

Topics:
Compensation Guide
Tags:
Benefits,
Compensation,
HR Guide,
Human Resources
Source:
HR Guide

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Overview: This article lays down the technique for designing a fool proof Compensation system. Various steps for designing are developing a program outline, designating an individual to oversee designing the compensation program. Developing a compensation philosophy, conducting a job analysis of all positions, evaluating jobs, determining grades, determining an appropriate salary structure, developing a salary administration policy, obtaining top executives' approval of the basic salary program, communicating the final program to employees and managers.

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Format: HTML | Size: 8KB | Date: Jan 1999 | Pages: 1

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