Wage & Salary Systems

A wage and salary base compensation system may be as simple as a market survey of pay rates for one or more specific positions. A system may be as complex as a pay structure with grade levels, salary ranges, a merit increase matrix, job content evaluations and performance-based pay adjustment strategies.

Most compensation systems fall somewhere in between. They feature components that meet the needs of the organization in its present configuration yet are designed to expand with company growth.

Pay-for-Performance compensation systems are some of the most well-suited concepts. They can be designed to fit the current needs of most companies with features and sophistication introduced as desired. If conceived properly, a Pay-for-Performance system will predict the impact of any pay adjustment strategy on the bottom line of the organization.