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PAY AND GRADING STRUCTURE DESIGN

An organisation's pay and grading structure is critical in underpinning its culture and strategy and in enabling employees to fulfil their potential.

A correct pay and grading structure is vital to support the business strategy of any company. It sends a clear message to employees about the culture of the organisation and the way in which performance and competence is recognised and rewarded. It also ensures that the organistation is externally competitive for talent and has internal equity in the way in which roles are rewarded.

OpenSymmetry can help your business to develop a competitive, legally compliant pay and grading structure aligned with your core strategy and internal culture.

APPROACH TO PAY AND GRADING SOLUTIONS

An organisation's ability to recruit, retain and motivate its staff depends upon ensuring that the roles within the organisation are correctly defined and appropriately remunerated. The design and implementation of a new pay and grading structure is a complex area and must be approached in a systematic way.

There is interaction and interdependence between job evaluation, competency definition and external pay benchmarking, equal pay and performance management. OpenSymmetry can help show you the optimal way to blend these components to best suit your needs.

Pay and grading considerations