Compensation and Benefits Management

5.

Base Pay Structure Design

5.1.

Pay Structure Fundamentals

5.1.1.

Structure Types

5.1.2.

Design Principles

5.1.3.

Implementation Considerations

5.2.

Traditional Pay Grades

5.2.1.

Grade Determination

5.2.2.

Range Development

5.2.2.1.

5.2.2.2.

Range Midpoints

5.2.2.3.

5.2.3.

5.2.4.

Midpoint Differentials

5.2.5.

5.3.

Broadbanding Systems

5.3.1.

Broadband Rationale

5.3.2.

5.3.3.

Career Progression

5.3.4.

Management Challenges

5.4.

Pay Policy Line Development

5.4.1.

Regression Analysis

5.4.2.

Trend Line Creation

5.4.3.

Policy Adjustments

5.4.4.

Structure Validation

5.5.

Alternative Structures

5.5.1.

Market-Based Structures

5.5.2.

Competency-Based Structures

5.5.3.

Skill-Based Structures

5.5.4.

Career Band Structures

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4. Market Analysis and Benchmarking

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6. Pay Administration