02 — Capability · BC-350.10
Pay Structure & Benchmarking
Define how much each job is worth to the organization relative to the market and to other jobs, and publish the ranges managers and recruiters must stay within.
- Salary Structure
- Market Pricing
In scope
- Job evaluation and grading
- Market benchmarking and survey participation
- Salary range design and maintenance
Out of scope
- The job architecture the grades hang on (see BC-310)
Realized by · 1
Used in · 1
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-350.10.10Job Evaluation & GradingPlace each job in a grade using consistent criteria, so pay follows the size of the job rather than the persuasiveness of its holder.
- BC-350.10.20Market BenchmarkingCompare the organization's pay to the external market for comparable jobs and decide where it intends to sit.
- BC-350.10.30Salary Range DesignSet and periodically adjust the minimum, midpoint and maximum for each grade and geography.
- BC-350.10.40Pay Equity AnalysisTest pay across comparable roles for differences that cannot be explained by legitimate factors, and fix the ones that cannot.