The CIPD reports that c. 35% or organisations quote market rates or “the going rate” as the reason for pay increases in their organisations and c. 64% reported that some of their vacancies are “hard to fill”.
Analytical, factor based job evaluation is considered the fairest way to develop and support your pay structures. And it can be used to support all your HR initiatives: recruitment, training and development, restructuring/organisation development, performance management, and career planning.
c. 60% of employers use a defined pay-structure. Used correctly pay structures can offer transparency, order, process and fairness.
Reward Risk Management Ltd.