Criteria In Creating Pay Grade Managerial Labour Markets

timer Asked: Mar 29th, 2019
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Question Description

When an organization creates pay grades for jobs, it must take into consideration the need for internal consistency between each job as well as the need external competitiveness of each job. What criteria has your organization used to create pay grades and what are they based on as it relates to internal consistency or market competitiveness? Cite at least two external references in your initial response. This does not include your textbook.

Tutor Answer

School: Rice University


Running Head: Pay Grade Discussion


Pay Grade Discussion
Institutional Affiliation:

Pay Grade Discussion

Criteria in Creating Pay Grade

When an organization has a solid pay grade for its employees, it makes it easy for the
human resource department to manage the salary expenditure. More specifically, creating a pay
grade for the organization helps to retain its current employees, and it also makes the hiring,
recruiting, and promoting efforts easier to execute (Katzenbach & Smith, 2015). Based on the
company selected, the criteria used to create the pay grade included the following;
The company established the value for each of the job positions within the company. This
entails a number of aspects that need to be dep...

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