Design the right pay plan for your employees

Instructions

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.