Market Pricing and Pay Structures



Market Pricing and Pay Structures

Introduction

Since creating a fresh compensation plan can and effectively designing and implementing it can lead the organization to have increased profitability, Kudler's consider developing its compensation plan, in a way that the plan aligns with its business strategy. For the development of such plans some critical components are kept in mind before developing and actually implementing the compensation plan. These come from the integration of the prior work from the analysis of six key jobs, a recommended compensation structure, the researched competitive market pay rates, the proposed approach to performance appraisal, and ...