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What Are Salary Grades, Why Are They Important, & How to Build Them
In this webcast we take a look at salary grades, what are they and how to build
them.
Compensation, Human Resources,
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3. What Are Salary Grades, Why Are They Important, & How to Build Them
WEBCAST
WHAT ARE SALARY GRADES, WHY ARE THEY IMPORTANT, & HOW TO BUILD THEM
Salary Grades Explained
Did you know that your organization’s salary grades are the key to helping you
balance internal equity and external competitiveness? If you need to modify,
build, or just learn about the importance of salary grades, then this webcast is
for you. Watch now.
Elizabeth Maizels, Director of Solutions Consulting at Salary.com, talks about
using salary grades to streamline day-to-day operations and help your company
plan better for pay equity.
Here is what you can expect to learn from this webcast:
1. Salary grades – what are they, and why are they so important?
2. How do you create salary grades and the implications for a salary structure?
3. When to use a salary or job range instead of a salary grade.
Don’t miss the webcast - watch now!
What Are Salary Grades?
Salary grading is the process of determining an employee’s salary for a
particular job based on their performance. It is a tool used by employers to
manage compensation and motivate employees. Salary grades can help ensure that
your organization makes the most informed decisions about how to allocate
resources when hiring new employees.
Why are Salary Grades Important?
There are multiple reasons why companies grade their salary structures. One is
to determine how much an employer will pay employees based on the value the
employees bring to the company rather than on a one-size-fits-all approach.
How To Build Salary Grades
To get started with salary grades, you must first decide which attributes you
would like to use as a basis for classifying or grading all employees. Salary
grading can include factors such as job title, years of experience, or education
level. Once you have determined which attributes are most relevant for your
organization, it will help you determine how they impact your salary structure
and scales.
To learn more of the specifics as to where to begin and how to implement salary
grading, watch our 20-minute webcast now.
https://www2.salary.com/
Watch our Webcast
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