Pay structures - compensation management - Manu Melwin Joy

Pay StructuresCompensation Management

Prepared By

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Manu Melwin JoyAssistant Professor

Ilahia School of Management Studies

Kerala, India.Phone – 9744551114

Mail – [email protected]

Pay Structures

• Once job analysis has

been done organizations

need to decide upon the

pay structures.

Pay Structures

• Pay structure refers to

the process of setting up

the pay for a job in an

organization.

Pay Structures

• The process deals with

internal and external

analysis to estimate the

compensation package

for a job profile.

Pay Structures

• Internal equity, External equity

and Individual equity are the

most popular pay structures.

Job description provides the in

depth knowledge about the

job profile and its worth.