Design the right pay plan for your employees
- Design a pay plan that rewards expertise.
Create a pay plan that compensates employees in direct proportion to their level of expertise and skills. If you want flexibility in pay and a more equitable distribution of compensation, you may incorporate broadbanding.
- Communicate the pay plan.
Explain how they work and the benefits they offer. Provide employees with the tools and resources they need to achieve world-class performance so they can receive higher compensation.
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Our mobile app, Mentorist, will guide you on how to acquire this skill.
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