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Designing a Base Pay Structure

Designing a Base Pay Structure

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Published by Siddharth

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Published by: Siddharth on Aug 30, 2009
Copyright:Attribution Non-commercial

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08/14/2013

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Designing a Base PayStructureDr. Gunjan Mathur 
 
 
Compensation strategy
Develop a clear link between workrequired , performance demonstrated andpay provided to each employee
 
 
Guidelines to develop pay structure
These guidelines are developed at thehigher level of the organisation.1. minimum and maximum levels of pay(taking into consideration ability andwillingness to pay, concern for profitability,govt. regulations, union influences andmarket pressure)

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