Page 26 - DRG HR HANDBOOK- Nikita Pillay
P. 26

ROLE PROFILING

                                                                            AND SALARY


                                                                            BENCHMARKING






                                                                     emuneration, one of the key elements in
                                                                     the Total Rewards model, remains the most
                                                             Rcritical factor for the attraction, motivation and
                                                              retention  of  staff  both  to  and  in  an  organisation.  To
                                                              remain competitive organisations should review the
                                                              way they establish their pay levels.
                                                              Role  profiling  and  salary  benchmarking  can  help
                                                              organisations to overcome various issues. Crucially,

                                                              this is a much more focused and detailed process
                                                              than simply interrogating a traditional salary survey to
                                                              establish a salary range for a job title.
                                                              Role  profiling  helps  create  profiles  that  replace
                                                              complicated and poorly structured job  descriptions,

                                                              often no more than a ‘duty list’, with reference documents
                                                              that are far more useful for employees, managers, and
                                                              hiring teams. These role profiles form the basis of key
                                                              talent management applications – from recruiting and
                                                              onboarding to development, grading of positions, and
                                                              succession planning. Properly constructed role profiles
                                                              serve  to  establish  role  clarity  and  mitigate  conflict
                                                              arising out of uncertainty.
                                                              Salary benchmarking is a process by which an
                                                              organisation jobs are matched (typically, at least 70%
                                                              match) to similar jobs and descriptions in a selected
                                                              salary survey or other source of market pay data.

                                                              Companies often come to us wondering whether their
                                                              senior executives’ remuneration packages are in line with
                                                              those offered by other organisations of similar size. Few
                                                              employers routinely have access to this information and
                                                              gaining it can be challenging. Pay varies widely depending
                                                              on sector and many other factors. Salary benchmarking
                                                              allows organisations to get an idea of these differences,
      26                                                      while finding out pay levels typical in their own sector.
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