What is a Classification and Compensation Study?
These studies are conducted to re-examine the responsibilities, salary and work performed by various positions. The study’s purposes are to develop new job descriptions, classify the positions according to a uniform factor point analysis standard, survey the market of comparable communities to determine representative rates of compensation, and to develop and recommend a pay plan. – Case Study Example
As a result of these studies each position is classified and assigned a pay plan grade according to its relative economic job worth in relation to the marketplace and other similarly classified positions within the Municipality. The end result is a Classification Plan (pay grades) and Compensation Plan (salary schedule) along with new job descriptions.
Not sure you need this service?
- Is employee turn over high due to low salaries or salaries not at market rates?
- Has it been years since job descriptions were reviewed or revised and the positions have changed?
- Is there no rhyme or reason on why employees are in certain pay grades and others are in lower pay grades?
- Do you want to provide equal pay for equal work, in accordance with Federal Regulations?
- Do personnel rules or Union contracts require revised classification and compensation systems?