薪酬管理工具和技术英文.ppt

1、Salary Survey based on Hay Method,精品资料网,Internal equity,External equity,Employee equity,Administration,Concepts,Compensation Techniques,Planning, Budgeting, Monitoring, Evaluating,Job Analysis,Job Description,Job Evaluation,Job Grades,Market Definitions,Salary Surveys,Policy Lines,Pay Structures,Sen

2、iority Increases,Performance Evaluation,Increase Guidelines,Compensation Objectives,Role clarity and accountability. Facilitates administration and performance management. Competitive wage policies and practices. Influence employees work attitudes and behaviour. Attract talents. Retain talents. Moti

3、vate employees. Comply with regulations. Consistency in policy administration.,The Strategic Compensation Model,精品资料网,Compensation Management,The fundamentals of salary administration Salary administration is concerned with deciding how and what staff should be paid and with the techniques and proce

4、dures for designing and maintaining salary structures, rewarding staff and exercising salary control.,精品资料网,Aims Of Salary Administration,The basic aims of salary administration are to attract, retain and motivate staff by developing and maintaining a competitive and equitable salary structure. To e

5、nsure that a sufficient number of suitable staff is attracted to join the organization; To encourage suitable staff to remain with the organization; To develop and maintain a logical salary structure which achieves equity in the pay for jobs of similar responsibility and consistency in the different

6、ials between jobs in accordance with their relative values; To ensure that salary levels match market rates; To keep the salary levels adjusted in line with increases in the cost of living;,精品资料网,Aims Of Salary Administration,To maintain consistency in methods used to fix and review salary levels an

7、d differentials; To provide for progression within the salary structure in accordance with performance and level of responsibility; To operate the salary system fairly and convince the staff that the system is fair; To maintain a flexible salary system which will accommodate changes in the market ra

8、tes for different skills and in the companys organization structure; To achieve simplicity in operations as an aid to staff understanding and to minimize administrative effort; To operate effective systems of controlling salary costs and the administrative procedures required to achieve the above ai

9、ms at the least cost to the organization.,精品资料网,Components Of Salary Administration,The starting point of salary administration is the determination of salary levels by job evaluation. Thereafter, salary administration is concerned with: The design and maintenance of salary structures; The operation

10、 of salary progression systems; The administration and control of salary reviews; The design and operation of bonus schemes; The provision of employee benefits and other allowances; The development of a total remuneration policy.,精品资料网,Compensation Tools and Techniques,Pay Structure Salary Structure

11、 Performance Related Pay Merit Payment Scheme Incentive Scheme Benefit Policies Salary Review Guidelines Compa-ratio Salary Problems,精品资料网,Criteria for Pay Structures,Be appropriate to the needs of the organization, in terms of its: - culture, size and the degree in which changes take place - need f

12、or flexibility - type and level of employees to be covered Be flexible in response to internal and external pressures, especially those related to market rates and skill shortages. Provide scope for rewarding high-flyers while still providing appropriate rewards for the majority of employees. Ensure

13、 that rewards are given in line with performances and achievements. Provide a basis for career planning which will motivate ambitious employees with high potential. Facilitate consistency in the treatment of varying levels of responsibility and performance.,精品资料网,Graded Salary Structures,All jobs ar

14、e allocated into salary grade within the structure on the basis of an assessment of their internal and external value to the organization. Each salary grade consists of a salary range or band. The jobs allocated to a salary grade are assumed to be broadly of the same level normally the same minimum

15、and maximum rates, which correspond with grade boundaries.,精品资料网,Graded Salary Structures,A typical graded structure consists of a sequence of salary grades or ranges, each of which has a defined minimum and maximum. It is assumed that all the jobs allocated into a grade are broadly of the same valu

16、e, although actual salaries earned by individuals will depend on their performance or length of service. Across the board cost of living or market rate increases will usually result in an increase to the minima and maxima of each grade. All the jobs in an organization may be covered by the same stru

17、cture of salary ranges or there may be different structures for different levels or categories of jobs.,精品资料网,Make-up of a Salary Grade,A basic principle of a salary structure is that individuals advance through the structure either by progressing within the salary grade for the job as they improve

18、their performance, or by promotion. In the simplest structure, people move more or less steadily from the entry point of the grade (with might be above the minimum if they have already gained relevant experience elsewhere or within the firm) to the upper limit, unless they move to a higher grade. It

19、 is possible, however, to distinguish three stages into which this progression is divided, and for salary administration purposes it is helpful to divide the grade into three zones which correspond to these stages.,精品资料网,Salary Structure : Ratio Method,精品资料网,Salary Structure : Ratio Method,精品资料网,Sal

20、ary Structure : Dispersion Method,精品资料网,Salary Structure : Dispersion Method,精品资料网,The learning zone covers the period when a person is on his learning curve, familiarizing himself with the knowledge and skills required if he is to become fully competent. The length of time to go through this zone w

21、ill vary according to the individuals experience, competence and ability to learn. It would be accepted that someone might enter the range at any point in this zone, from bottom to top, depending on experience.,The Learning Zone,精品资料网,The qualified zone covers the period when the job holder continue

22、s to increase his capacity to do the work and to improve his performance. The minimum salary in this zone should be the market rate for the job, so far as this can be ascertained, the assumption being that the market rate is the salary level required to attract a competent individual from another jo

23、b to join the company.The mid-point in this zone, which is also the mid-point of the grade, is the salary level which all competent employees would be expected to achieve. This is above the market rate in order to retain these individuals. An employee who is no more than competent could stop at this

24、 point, but most would continue to advance until they reach the top of the qualified zone, which would be regarded as the normal maximum for the job. Many such employees would in any case be promoted to a higher grade before they reach the upper limit of this zone.,The Qualified Zone,精品资料网,The premi

25、um zone is reserved for those employees, especially in the higher grade jobs, who achieve exceptional results but for whom suitable promotion opportunities do not exist. This zone enables outstanding staff to be given additional rewards and encouragement. In some salary structures, the published sal

26、ary grades for each job only cover the learning and qualified zones, the premium zone being reserved for use in special cases. Progression through that zone would not be regarded as normal by management or staff.,The Premium Zone,精品资料网,Make-up of a Salary Range,精品资料网,Relationships Between Grades,20%

27、,20%,精品资料网,Graded Salary Structures,The range may be defined in terms of the difference between the lowest and highest points in the range, using the minimum as the anchor (Maxmin ratio method): MinMidpointMaxMaxmin $20,000$24,000$30,0001:50 $20,000$25,000$32,0001:60 $20,000$26,000$34,0001:70 Altern

28、atively, the range may be defined as a percentage of the midpoint using the midpoint as the anchor (Salary dispersion method): Min Midpoint MaxDispersion Max Point (100%)PointRatio $20,000(80%)$25,000(100%)$30,000(120%)+20%1.50 $18,750(75%) $25,000(100%)$31,250(125%) +25%1.67 $17,500(70%)$25,000(100

29、%)$32,5000(130%)+30%1.85,精品资料网,The midpoint of the range is regarded as the “target salary” for the grade, which would be the average salary of the staff in the grade. The target salary is the salary that you will pay to a fully competent professional doing the job on that grade The midpoint is usua

30、lly aligned to the market rates for jobs in the grade. The salary policy of the organization determines whether the midpoint is equated to the median market rate or whether it is related to another point. eg upper quartile,Graded Salary Structures,精品资料网,The rate of salary progression through a range

31、 is determine by: - time or length of service (service increments) - individual performance (variable or merit increments) The number of salary ranges required depend on: - the upper and lower salary levels of the jobs to be covered by the structure, which give the overall range of salaries within w

32、hich the individual salary ranges have to be fitted - the number of distinct levels of responsibility in the hierarchy which needs to be catered for by separate grades - the size of the differentials between each salary range.,Graded Salary Structures,精品资料网,Graded Salary Structures,There is a differ

33、ential between the midpoints of each salary range which provides adequate scope for rewarding increased responsibility on promotion. It does not create too wide a gap between adjacent grades or reduce the amount of flexibility available for grading jobs. The salary ranges are sufficiently wide to al

34、low recognition of the fact that people in same job grade can perform differently, from satisfactory performance to outstanding performance. There is an overlap between two consecutive salary grades which acknowledges that an experienced person should be of more value on the current grade than a new

35、comer in the next higher grade.,精品资料网,Designing the Salary Structure,Step 1 Conduct market rate surveys for existing jobs. Review existing salary structures and differentials between the salary levels of the most senior and junior jobs to be covered by the new structure. Identify key problem areas (

36、if any) in existing structures. Step 2 Conduct an update of the job evaluation exercise, taking into consideration all changes to jobs since the last job evaluation review Step 3 Obtain market rate data for the evaluated jobs, bearing in mind that there is likely be a range of market rates rather th

37、an a precise figure. Preferably the market rate data should be based on a similar job evaluation system for comparability.,精品资料网,Designing the Salary Structure,Step 4 Draw up a salary grade structure between the upper and lower limits, according to policies for differentials, the width of salary gra

38、des and the size of overlap between two consecutive grades. Step 5 Slot all jobs into grade structure in accordance with the results of both the job evaluations and the market rate surveys. Step 6 Identify all cases that are below the salary range and cases that have exceeded the salary range (max-out cases) and review their job evaluation scores and grades,精品资料网,Advantages of Graded Structures,The relative levels of jobs in different functions can be readily assessed and re