Compensation & Benefits

Total Rewards
Compensation Basics
Foundation: Compensation Philosophy
Job Analysis: Primary Source of
Information
Job Evaluation: Market-Driven System
Job Evaluation: Job-Worth System
Market Analysis
 Benchmark Positions
 Salary Surveys
Salary Ranges
 Spread

 Slope

 Salary Grades

Minimum Midpoint Maximum

 Overlapping Salary Ranges

The Carrot: Incentive Pay
 Design Elements:

 Eligibility

 Target Payout

 Performance Criteria

 Duration
The Glue: Management of Pay for
Performance
Merit Increase Matrix
The Future: Effective Compensation
Management
DOs
The Future: Effective Compensation Management
DON’Ts
Don’ts