What should be included in a Job Architecture project?
1 – written and approved compensation philosophy
2 - updated job descriptions
3 – career level definitions and assignment of career levels to jobs (internal equity categories)
4 – standard job titles defined and assigned to jobs
5 – assignment of job families and subfamilies to jobs
6 – market pricing of jobs based on your compensation philosophy – ideally matches are documented in a compensation software tool and not an Excel spreadsheet
7 - pay grade structures – includes base salary ranges, variable pay targets for bonus and commissions, and long-term incentive targets
8 – geographic differential analysis with differential percentages assigned to each work location
9 – compensation guidelines – aka written policies, procedures, and processes to ensure consistency and standardization of pay related decisions
10 - compensation training for people managers
11 – updates to your HR system so you aren’t maintaining these decisions in an Excel file
What is missing from this list?
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