Pay Structure

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5 Terms

1
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Job evaluation

First, I'll conduct a systematic job evaluation to assess not just the basic requirements, but also measure the position's value to the organization - looking at responsibilities, specific skills needed, and how the role impacts our organizational goals.

2
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Pay grades

Next, for pay grades, I'll group similar positions together, but importantly, I'll establish specific minimum and maximum pay rates for each grade. These ranges must comply with regional minimum wage laws.

3
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Market analysis

For market analysis, I'll research what other companies pay, but also consider local market conditions and industry trends to ensure we stay competitive.

4
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Pay policies

When developing pay policies, I'll create clear guidelines for raises and promotions, ensuring they align with both our performance evaluation system and mandatory benefits requirements.

5
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Legal compliance

Finally, for legal compliance, I'll ensure we meet all labor code requirements, including regional wage board regulations, overtime rules, and mandatory benefits, while also maintaining clear documentation of our compliance efforts.