"A discipline for evaluating wage structures within a company to assure that pay plans motivate behaviors that support company objectives."

Key Principles:

• The relationship of pay to actual productivity
• The relationship of the current wage structure to wages paid by other companies in the geographic area
• Internal pay equity or inequity
• Type, availability, and validity of measures of performance
• Labor relations situation
• The potential for accepting change
• Effectiveness of support functions

Benefits:

• Enhanced hiring capability and higher levels of retention
• Above average levels of workforce performance
• Increased output and reduced total process time
• Reduced or eliminated overtime
• Reduced unit costs and minimized overhead costs
• Continuous process cost reduction

White Paper

Concept Book

Training Course

Software Products