If you are looking for the best tool
that would serve as a great basis for salary scales, you might want to take a
look at a job evaluation scheme. This scheme’s main purpose is to evaluate a
rational pay structure. Also, it strives to balance internal equity and
external equity. Apart from that, it ranks job in a hierarchical manner in
order to properly define jobs and payment structures so that each and every
person will fully understand his/her role in the total scheme of things inside
the company.
About the author: Jonathan Duele is
very thankful to this site for providing him plenty of information about what a
job evaluation scheme is and its benefits to certain companies.
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