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DocuSign Envelope ID: 47A6AF0F902A4842965B36721EDC29B7CITY OF GREENVILLE
STATE OF SOUTH CAROLINA
INVITATION FOR BIDS
IF NO. 193679GARAGE REHABILITATION
DUE: JUNE 6, 20192:00 PM DocuSign Envelope ID:
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How to fill out classification amp compensation study
How to fill out classification amp compensation study
01
Start by identifying the purpose of the classification and compensation study.
02
Review the job descriptions and gather information about the roles and responsibilities of each position.
03
Determine the criteria for classification, such as education level, experience, and skills required for each position.
04
Develop a classification structure or framework that groups similar positions together based on job duties and responsibilities.
05
Conduct a salary survey to gather information about the compensation practices in similar organizations or industries.
06
Analyze the collected data and determine the appropriate salary ranges for each position based on market rates and internal equity.
07
Review and validate the findings with key stakeholders such as HR professionals, managers, and executives.
08
Prepare a final report outlining the classification structure, salary ranges, and any recommended changes or adjustments.
09
Communicate the findings and recommendations to the relevant stakeholders and provide guidance on how to implement the study results.
10
Periodically review and update the classification and compensation study to ensure its accuracy and relevance.
Who needs classification amp compensation study?
01
Organizations that are experiencing growth or restructuring may need a classification and compensation study to ensure their job positions are properly defined and aligned with their business goals.
02
Human resources departments or professionals who want to establish a fair and consistent pay structure across the organization.
03
Companies that want to attract and retain top talent by offering competitive compensation packages.
04
Organizations facing issues related to pay equity or internal pay disparities may benefit from a classification and compensation study to address these concerns.
05
Organizations that want to ensure compliance with industry standards and regulations related to job classification and compensation.
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