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MemberNovember 5, 2020 at 5:37 AM
Reducing compensation turnover is indeed the most important objective of C&B Planning while maintaining a balance between the internal, external and individual equities. Also, fair pay and working conditions are important factors to influence employees morale. Most organisations follow a structured pay scale reflecting the highest pay grade at the top and the lowest pay grade at the bottom based on different factors like designation, experience, qualifications, job responsibility etc. It allows the employee to view the compensation he or she will receive in relation to the factors given. Also, C&B professionals use job evaluation to establish pay differentials among employees within the company.