Pay band tool0

Pay band tool0
Pay band tool0 diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.

See below image for the Pay band tool0 diagram. Mercer’s Pay Band Tool is Excel based and easy to administer and set up. You can compare your company’s data vs. market and manage compensation analysis effectively. The basic features of the tool are administered through the intuitive user interface.

Mercer’s Pay Band Tool 2.0 helps you design pay bands based on market and/or internal company data. It provides a pragmatic approach for managing compensation across all your locations through the creation of consistent pay bands.

Those jobs are categorized together and given a predetermined minimum and maximum (Pay Band 1 = $12-$18 per hour). As the pay band number increases, job responsibilities correspondingly increase. (Pay Band 2 = $15-$24 per hour).