Salary Structure
An efficient compensation structure should optimize your ability to attract and retain qualified employees, while avoiding unwarranted inflation of your company’s long-term compensation costs.
Different types of compensation structures exist and may or may not represent a solution adapted to your context and organizational issues.
Khlat Compensation Consulting develops customized compensation structures that reflect each client’s corporate characteristics, in alignment with its specific strategic goals.
Guiding Principles of a Salary Structure Mandate
Design of the salary structure based on:
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Competitiveness of base salaries and total compensation (external equity)
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The organizational context of the company and the specific objectives it is pursuing
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The respective requirements of the various jobs in your organization (internal equity)
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The specific issues related to different key or critical jobs within your company
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The budgetary constraints your organization is facing
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The requirements of the Pay Equity Act
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Results of a financial modeling of implementation and maintenance costs with supporting sensitivity analysis
