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Congratulations!
You have completed ERI DLC Course 82: Creating a Market Competitive Salary Structure.
You should now be able to:
- Identify benchmark jobs
- Define how to market price jobs using a salary survey
- Identify pay strategy alternatives – paying under, at or above competitive norms
- Recognize how to create an internal job hierarchy
- Specify how to develop a pay policy line
- Determine the need for multiple salary structures
- Specify how to set pay grades and rate ranges
- Differentiate between market index and compa-ratio
- Develop a compa-ratio report
- Recognize how to implement a salary structure
- Identify how to update and maintain a salary structure
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.