Use this component to define a competitive compensation policy by storing job evaluation results and market data in the Job Pricing component. Use these results as the basis on which to build suitable salary structures for your organization. You can use the external market data as a basis on which to calculate your organization’s competitive position and to plan and implement any corrective actions required.

This component supports compensation-related data at the job and position level and provides both reporting capabilities as well as maintenance functions for salary structures and jobs.

In brief, you can use the Pay Scale Changes component to perform:

• Store and manipulate information from external job evaluation systems and salary surveys
• Generate and maintain salary structures
• Define pay grades and levels
• Run statistics programs to evaluate and compare jobs and job-related data

Install this component if you want to generate salary structures based on external and internal information, and associate salary structures with the jobs and positions in your organization. This allows you to identify the internal worth of these jobs and positions.

To use this component, you must install:

• The Personnel Administration component so that you can access and update employee records.

• The Organizational Management component so that you can define an organizational structure and create jobs and positions.