Here's a step-by-step guide for conducting an internal equity analysis:
1. Define Job Comparator Groups: Start by categorizing jobs into groups based on similarity in job responsibilities, required skills, knowledge, education, and other qualifications. Consider factors like Career Level (e.g., entry , intermediate, senior), job function (e.g., sales, marketing, engineering), and job family (e.g., administrative, technical, managerial).
2. Create Employee Comparator Groups: Within each job comparator group, categorize employees based on relevant factors such as seniority, performance, production/output, work location, education, training, experience, and travel requirements.
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