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THE
MISSION OF THE COMPENSATION/PAY CLASSIFICATION STUDY:
To
provide the client with a dynamic and progressive compensation system,
tailored specifically to the needs of the organization, devised
as both a strategic and tactical construct, formulated to inspire
commitment to the mission of the organization, oriented to the efficient
and effective delivery of services to the customers of the organization,
designed to influence the effective and efficient achievement of
the organization's goals and objectives, created to ensure fairness
and to eliminate discrimination, structured to cultivate the knowledge,
skills and abilities of the organization's employees, organized
to optimize employee retention and loyalty and forged to provide
competitive attraction with regard to the recruiting and hiring
of new employees.
To
provide the client with a flexible, adaptable, responsive and proactive
system that encourages achievement, espouses equity, minimizes conflict
and dysfunction, promotes a culture that pursues excellence, shuns
complacency and eschews mediocrity. In the behavioral sense, the
applications of the system will serve to reinforce efficient, effective
and loyal employee behavior and it will serve to extinguish inefficient,
ineffective and disloyal employee behavior. In the developmental
sense, it will serve to encourage the growth of the knowledge, skills
and abilities among the members of the workforce.
To
provide the client with assistance in developing a compensation
philosophy that reinforces the mission of the client's organization
in accordance with a carefully considered set of priorities, all
within the context of meeting the needs of its customers, the maintenance
of operational effectiveness, and the growth of stockholder equity.
To
provide the client with a valid and reliable job analysis and job
evaluation system that allows every to be evaluated against the
same set of universal compensible factors. The EQUI-VAL system includes
three universal job function factors (information processing, people
relationships and technology application); nine universal job skill
factors (vocabulary skill, quantitative skill, procedural and process
judgment skill, contingency judgment skill, physical adroitness
skill, physical strength skill, job sensory skill, experience derived
job skill, and academically derived job skill); three universal
job responsibility factors (supervisory control, horizon planning
and budgetary allocation) and one universal environment factor (working
conditions). Note that each of the sixteen universal compensible
factors just listed has eighteen levels or degrees of complexity
associated with it. The selection of the appropriate level of complexity
for each of the compensible factors associated with a particular
job is essential to the determination of the relative worth of the
particular job (internal equity).
To
provide the client with a valid and reliable wage and salary survey
in order to secure data from the labor market(s) in which the client
competes for its labor supply. The collection and compilation of
wage and salary survey data is essential to the determination of
the competitive worth of each job (external equity).
To
provide the client with a valid and reliable pay structure derived
from the statistical integration of the job evaluation data (internal
equity) and the wage and salary survey data (external equity) that
meets the requisites of Title VII of the Civil Rights Act of 1964
as amended in 1991, the requisites of the Equal Pay Act of 1963,
the requisites of the Americans with Disabilities Act of 1991. And
other applicable statutes, legislation and presidential orders.
To
provide the client with a valid and reliable pay structure that
can support job based pay, skill based pay, knowledge based pay,
competency based pay, traditional banding, broad banding, multiple
banding, step systems, gainsharing, and other alternative reward
systems.
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