| June 2017|
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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
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...
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| 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