Salary Inequities How satisfied are you with your pay? What criteria were used for your recent pay increase?” -What factors do you believe are used when your pay is determined? Sssssssshhhhh!! Keep this raise quiet please！ ©2004 by UIBE Liu yuxin 8-11
© 2004 by UIBE Liu yuxin 8-11 11-11 Salary Inequities How satisfied are you with your pay? What criteria were used for your recent pay increase?” What factors do you believe are used when your pay is determined? Sssssssshhhhh!! Keep this raise quiet please!
II Establishing Pay Rates Step 1.The Salary Survey Step 2.Job Evaluation Step 3.Group Similar Jobs into Pay Grades Step 4.Price Each Pay Grade-Wage Curves Step 5.Fine-Tune Pay Rates 8-12
© 2004 by UIBE Liu yuxin 8-12 11-12 II Establishing Pay Rates II Establishing Pay Rates Step 1. The Salary Survey Step 1. The Salary Survey Step 2. Job Evaluation Step 2. Job Evaluation Step 3. Group Similar Jobs into Pay Grades Step 3. Group Similar Jobs into Pay Grades Step 4. Price Each Pay Grade Step 4. Price Each Pay Grade—Wage Curves Wage Curves Step 5. Fine Step 5. Fine-Tune Pay Rates Tune Pay Rates
Establishing Pay Plans The 5 step process: The salary survey Job evaluation Pay grade grouping Price pay grade- wage curves Fine tune pay rates ©2004 by UIBE Liu yuxin 8-13
© 2004 by UIBE Liu yuxin 8-13 11-13 Establishing Pay Plans The 5 step process: The salary survey Job evaluation Pay grade grouping Price pay gradewage curves Fine tune pay rates
Step 1.The Salary Survey The salary survey is a survey aimed at determining prevailing wage rates which include: ◆Formal ◆Informal ©2004 by UIBE Liu yuxin 8-14
© 2004 by UIBE Liu yuxin 8-14 11-14 Step 1. The Salary Survey The salary survey is a survey aimed at determining prevailing wage rates which include: Formal Informal
Uses of Salary Surveys ·Benchmark jobs Employers price 20%or more of their positions currently in the job market Surveys collect data on benefits ©2004 by UIBE Liu yuxin 8-15
© 2004 by UIBE Liu yuxin 8-15 11-15 Uses of Salary Surveys Benchmark jobs Employers price 20% or more of their positions currently in the job market Surveys collect data on benefits