Question: Developing a pay / compensation structure can be challenging within an organization. There are many things to take into account such as: the industry of
Developing a paycompensation structure can be challenging within an organization. There are many things to take into account such as: the industry of the organization, the employee population, the locations the overall current market and more. Imagine this, you are in an HR Director within a healthcare organization and you have been tasked with working with a salary consultant lead the establishment and implementation of new pay structures for the organization. The goal is that not that these new structures align with the current market, but that they also keep your organization competitive when attempting to attract top talent.
What internal information do you think you would need to kick this project off? Who would you involve?
What tactics would you use to ensure the best outcome?
How would you implement these changes within the organization?
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