Creating a competitive compensation package is a difficult challenge for human resource practitioners. Offering competitive pay will enable the institution to attract and retain talents. When developing a salary structure, care must be taken to guarantee that pay levels are competitive externally and equitable internally. A well-designed salary structure enables management to reward performance and skills development.
In this session, the participants will be able to:
- Understand factors that should be considered in formulating salary structures
- Know methods used to design salary structures
- Learn how to develop a competitive salary structure
Join us as we gear towards designing a more relevant and timely salary structure.
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