Market Data Only - Really? Utilize Job Valuing

Market Data Only - Really? Utilize Job Valuing
September 2016

As HR Professionals, we know changes to your organization's compensation structure, like the new FLSA overtime exemption rules which go into effect on December 1st, 2016, can affect your employee payroll costs and your payroll ROI.

We want to help your organization navigate these changes, improve your payroll ROI and increase your HR Management productivity with our newly released compensation management software, DBCompensation.

In an era when it is necessary for organizations to create compliant, competitive and equitable compensation programs, taking a shortcut and pulling “only” market numbers doesn’t cut it. Using a multi-factor approach is imperative when establishing your organization’s compensation structure, which provides your organization with the level of sophistication, defensibility and compliance that is needed in today’s world.

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Compensation can be a complex and challenging course to navigate. You, the HR professional, are required to accurately map out your compensation program in order to effectively retain and recruit high performing human capital for your organization.

In the past, explorers used compasses to obtain general directions. Christopher Columbus thought he had landed in the East Indies, when in fact he had arrived in the Americas. During his lifetime, he never admitted to reaching a continent previously unknown to Europeans. Even Daniel Boone, the famous American pioneer and explorer, upon being asked if he had ever gotten lost replied, “I can't say as ever I was lost, but I was bewildered once for three days.”

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Need Help Updating Your Classification and Compensation Plans?

This ebook is your guide to building and refining your Classification and Compensation programs. Learn the What, Where, and Why for building your plans and keeping your company aligned with the talent market.

Guide to Job Descriptions

Get your pay right DBCompensation
Fast Easy Affordable DBDescriptions

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