Pay levels
This is the central issue. The items up to this point have set the scene for the pay review and dealing with some of the specific issues that are raised as part of it. The questions below again are far from exhaustive but they do cover some of the critical points which might typically occur:
* From the standpoint of the business, by what amount can the pay bill rise? Consider turnover projections, market fluctuations and recruitment requirements.
* Do you wish to adopt a merit pay award, where individuals’ pay rise is directly related to their job performance?
* Is it to be a percentage increase for each of the groups defined above or is it to be a fixed amount, thus potentially giving more to one group than another in percentage terms?
* As a result of the market intelligence on pay data for the various employee groups, do you need to make any market adjustments to protect against labour turnover and poaching by competitors?