Guys, we are starting a salary banding exercise across the organization. Can you help me with your suggestions on how you have done in your organization? some tips to start this project, please? I'd be happy to connect over a call and learn from you'll.

@Swathy S, how are salary bands currently decided? Some questions that would be useful in providing the right guidance are: 1. Do you currently have any mapping of roles and pay bands with the external market? (Job evaluation) 2. Are there any surveys you look at like @Felicia Shakiba said? (Typically, one can buy off-the-shelf reports from companies like Aon) 3. Is there an articulated pay philosophy? For example, are you more aggressive with pay and benefits than the market? (Usually, this is done after one has some insight into what the competition is paying, industry nuances, and also if some critical roles deserve some extra pay) I'm more than happy to talk you through this. Please feel free to drop me a WhatsApp message on +91-9811098139

@Swathy S iam a cnb consultant n trainer. I have independently completed around 35 projects for Indian , US n Mea regions. compensation benchmarking is a very practical application for right compensation. Pre pep work in regards to pay parity should be from designing unique roles, aligning with mapping n grading, translating into job family function n than move forward with clear alignment of role remuneration with org median n percentile comparing with internal equity. Once all these steps are completed, external equity should be considered on point to point comparison. Talk to me I will help you. You can connect with me on freelancerhr2020@gmail.com or +919922191119