Developing a Pay and Classification PlanPosted Mar 04, 2021 by: Sandy
Pay structures refers to a series of pay grades or ranges that are linked to specific jobs within the municipality's organizations; often referred to as pay and classification plans. There are a number of sound practices that cities and towns must consider when developing pay structures. These are the seven core elements in the development stages of a plan to ensure that you stay on target. Most organizations today establish pay structures as a key component of their overall compensation strategy. A pay and classification system allows employers to administer their compensation goals fairly by ensuring pay levels that are externally competitive and internally equitable. For more information on how we can help you achieve an equitable pay and classification system including pay ranges and grades, please contact us at HRS.