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Setting Base Pay
This tool provides three standardized templates. The first is for defining four measurable levels of expertise for each of the behavioral competencies that drive long term job success. The second is for providing 360 degree performance feedback on employee application of required skills to achieve target results. The third is for defining the pay scale for each job category.
Work with your KEi Employee Retention Specialist to customize each of the three templates to match the specifics of your company situation.
Each of the customized templates is password secured so employees can access templates that relate to only their personal job category and individualized development plan.
Human Resources staff must be instructed to appropriately:
- Facilitate the process of integrating this tool with the existing compensation system.
- Facilitate the process of customizing each of the three templates with each job category in the company.
- Facilitate the effectiveness of the links between this tool and the employee skills improvement tools.
- Facilitate the maintenance of competitive pay scales vs. the market place.
TOOL FEATURES
Skills level rating grid…this feature allows management to define and communicate four levels of expertise (beginner), (accomplished), (expert), and (master) for the behavioral competencies required for each job category.
Performance feedback profile…this feature allows supervisors to initiate a 360 degree feedback process that gives the employees who report to them job performance input from the supervisor, peers and affected parties. It accumulates the individual input into a summary report. This report graphically illustrates the level of expertise observed by the raters for each required job competency. This feature can be linked with the pay slotting chart feature of this tool. It also links with the skills improvement planning tool.
Pay slotting chart…this feature allows employees to continuously view the expertise rating points required to achieve each step in the pay scale for their job category. It also allows supervisors to authorize pay adjustments (up or down) based on the results of the performance profile just completed.
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