Establish a consistent pay structure that aligns with your organization's goals and compensation philosophy.

The professional in charge of compensation has a difficult, complex job. He or she must determine appropriate compensation levels using what is often inconsistent market data, and then present sound rationale for compensation changes to top executives, the board of directors and employees.

With DBCompensation, establishing a consistent pay structure that will attract and retain desirable employees is both manageable and efficient. Typically complex and time-consuming processes are automated to a very high degree in the DBCompensation system, saving you significant time and frustration. Following are key components addressed in developing a fair, consistent pay structure.

Job Analysis

The development of accurate and current position analyses and job descriptions begins with the accumulation of substantial information on job duties and responsibilities. Supervisors and/or employees must provide extensive data about current positions to fully define the duties and responsibilities of each staff member. With DBCompensation, this process is highly streamlined and is accomplished electronically, greatly reducing the HR department's workload.

Job Rating

The DBCompensation system's proven 15-factor rating system provides a thorough analysis of all position levels to establish internal relative job values for each position within your organization. All of the complex calculations and numerical analyses required for this process are done automatically. (link to Proven Methodology page)

Market Salary Data

This phase of the program collects external salary data that is relevant to your organization's actual compensation philosophy. DBCompensation compares internal pay rates to comparable market data, allowing your organization to set goals for keeping up with the market in a specific geographical area or for the entire United States. Best of all, you can manage your own market data collection or use DBSquared or other third-party compensation experts to help you with the process.

Comparative Compensation Analysis

The DBCompensation system helps analyze the present salary structure of your organization compared to newly rated positions in order to establish pay patterns. Comparing salary patterns with external market data helps identify variances that the organization needs to be aware of. This analysis, which is completely automated by the software, is presented in easy-to-understand reports and graphs, and provides the basis for determining possible discriminatory pay practices and other compensation-related problems.

Eliminate Guesswork

DBCompensation eliminates guesswork by comparing internal pay-linese using multi-factor regression analysis instead of individual jobs. This approach enables evaluation of every job in the company as it relates to market data. With DBCompensation, you can adjust your internal frame of reference to the market as a whole instead of adjusting individual salaries to a segment of market comparisons.

Compensation Structure

Following the analysis, your organization will be able to finalize compensation policies and the resulting salary structure. DBCompensation automates and manages this typically daunting and error-prone task providing a fair and consistent pay structure with minimal effort.

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