June 2017
| If this email isn't displaying correctly [viewbrowser] |
Please click on the step below that interests you:
Step 1: Build Job Structure in DBSquared Employers develop job descriptions and job grades for positions based on a proven system that assigns the proper value to each role.
Step 2: Salary Ranges Job Grades are matched to salary ranges using quantified job values and relative rankings.
Step 3: Each Position Assigned to a Salary Range Establish pay structure(s) with salary ranges based on internal job values and external pay comparisons. Provides the basis for a complete job and pay equity analysis.
Step 4: Compensation Planning in HRsoft Salary Range and Job Grade data transferred to COMPview for managers to make market adjustments, merit increases, bonus awards.
Step 5: Communication and Reporting Employees receive a personalized statement with their compensation information and managers have access to reports about the data.
| DB Squared & HRsoft Form a New Strategic Partnership to Help Employers Develop Data-Driven Solutions for Equitable Pay, Job Valuation and Compensation Compliance
Employers have growing needs in this area due to increased regulations from State and Federal government agencies addressing pay equity and fair pay. Fayetteville, Arkansas and Orlando, Florida - DB Squared, an innovative supplier of solutions for employers to value positions and build pay structures for their companies using objective data and HRsoft, a leader in Software-as-a-Service (SaaS) compensation planning software, have announced a strategic partnership. The partnership brings value to employers by using proven technology to address key processes and decision support needs relating to compensation. A priority of employers is to re-evaluate their jobs based on objective criteria to determine if associates doing substantially similar work are paid equally. Referred to as “comparable pay,” this is the main driver of growing regulations across the country.
Compliance with those regulations has become a hot topic among human resource professionals and senior executives. A TV commercial by car manufacturer Audi aired during the 2017 Super Bowl highlighted the need for equal pay for men and women as its theme bringing further attention to the topic.
Blair Johanson, Principal of DB Squared, said: “Employers use the DB Squared software and proprietary job valuing algorithms to build base pay structures that are consistent, objective and defensible. Even if positions have different duties associated with them, the value derived from those jobs may be the same or similar. The software offers an efficient way to evaluate and price jobs based on their value. The result is a data-based model based on compensable factors. Referred to as internal equity, this is a foundation of how people are paid in a company using an objective approach.” Describing the partnership with HRsoft, Johanson noted: “We recognize...
Continue Reading here....
|
Coming Events: Bruce Johanson will be exhibiting at the Arkansas Municipal League's 83rd Convention, showcasing our two world class products, DBCompensation and DBDescriptions. Statehouse Convention Center Little Rock, Arkansas June 14th-16th, 2017 For more info please click: Arkansas Municipal League |
|