How do you determine how much an employee should earn? There are a variety of factors that need to be considered to ensure your employees are remunerated for the value they provide to your business.
How do you determine how much an employee should earn? There are a variety of factors that need to be considered to ensure your employees are remunerated for the value they provide to your business. You can’t just thumb suck a number, this could affect employee motivation and in turn, impact the sustainability and growth of your business.
Our HR team has decades of experience helping companies create and implement an objective salary scale that considers market-related salaries. Using the information, we’ll work with you to draw up an organogram that breaks down the business into various levels. The hierarchy illustrated on an organogram includes factors such as job levels/grading, job roles and responsibilities, human quality and quantity requirements.
All of these variables play a role in defining employees’ value to the company. It also gives management a good idea of where an employee currently stands and provides an accurate measure of potential remuneration should they move up in the organisation. However, we don’t stop there. One of our main focuses is how to keep employees motivated and actually wanting to work at your company. It can open up potential opportunities that you may have never thought possible.
Speak to one of our consultants today and let us help you remunerate your employees according to a thoroughly-researched, objective salary scale.