Base Pay Structures and Annual Salary Increases
Pay structures are tools designed to be internally fair, externally competitive and cost effective - all in support the organization's compensation strategy. Pay structures group jobs of equal value together. The goals of a successful base pay program will be consistent with your compensation strategy, perceived as fair within the organization, used to attract and retain employees, and easy to administer.
K. Gordon & Associates can achieve an affordable and workable base pay structure. We establish salary guidelines, which can be used on an ongoing basis and can be linked, if desired to employee performance and/or behaviors. We assist with adjusting annual salaries and salary ranges. We can provide you with a process to perform this annually. Typically, spreadsheet software or salary administration software is used. The salary schedules can be updated by adjusting the middle value or midpoint of the highest grade in each schedule.