What are your feelings on a traditional salary structure (many levels) vs. simplified pay bands
Discussion – Employee Development and Pay Equity Discussion Topic:
Post a total of 3 substantive responses, this includes your initial post and 2 replies to other students or your faculty member.
The following exercise introduces you to pay equity in a corporate context and team discussion and collaboration.
Complete the exercise, Interactive Analysis: Employee Development – Pay Equity. A transcript of this interactive exercise is also available.
Consider what you learned in the experience and respond to the following in a minimum of 175 words:
What are your feelings on a traditional salary structure (many levels) vs. simplified pay bands?
Have your thoughts on salary structure changed after this exercise?
What are the advantages and disadvantages of using salary bands?
Student Response:#1DBD
What are your feelings on a traditional salary structure (many levels) vs. simplified pay bands?
Either or salary structures can be successful and beneficial to accompany accordingly their amount of employees, the difference in job description/duties, and how the company considers education/knowledge of duties and experience.
Also considering what type of work an organization does even when the amount of employees is small. 78 percent of companies use traditional salary structures while 11 percent use broadband structures (Culpepper and Associates, 2009).
Have your thoughts on salary structure changed after this exercise?
Even after the Obama administration, the EEOC required companies to provide data showing the racial and gender makeup of their U.S workforce across 10 job categories and additional information on each category. Most of the data recorded show the top paying salaries in a simplified pay are white males. Yes, my thoughts have changed. I see more possibilities of having a company be open to the pay band structure if done with fairness and equality.
What are the advantages and disadvantages of using salary bands?
A disadvantage is losing employee motivation because there might not be much of a pay increase difference or an attainable new position where the pay is higher.
An advantage can be the potential for higher pay. According to Intel Release salary band making more than $208,000 a year. Another advantage is salary bands are stage and consistent.
References
Culpepper and Associates. (2009). Salary Range Structure Practices. https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/salaryrange.aspx#:~:text=Traditional%20salary%20structures%20are%20organized,one%20pay%20grade%20to%20another.Federalpay.org. (2021). What are Pay Bands? – FederalPay.org. Retrieved from www.federalpay.org website: https://www.federalpay.org/articles/pay-bandsIntel Releases Top Salary Band, 1 In 4 White Men, Under 10% Black Employees. (2019, December 12). Legal Monitor Worldwide.what is a salary band? A guide for HR professionals(2021). https://www.indeed.com/hire/c/info/salary-band#3Your take-home pay, PF outgo, and entire salary structure will change from tomorrow. (2021, April 1). The Economic Times.
#2CR
What are your feelings on a traditional salary structure (many levels) vs. simplified pay bands?
when a company is big then traditional salary works. this structure allows more flexibility and early managed with more promotions and more frequently and very early on in a employees career. The more trained a person is the company will more likely be able to get more pay without a company fighting not to.
How your thoughts on salary structure changed after this exercise?
I have always thought a person should get paid based off they ability of the job and the knowledge of the job. Structure pay has been my thought of how a company should pay because a person took the extra time to gain more knowledge of the position and the training of that person would be more like a refresher on the position. If a person is moving into a different position with more responsibilities then the position should be paid accordingly with raises and advancements
What are the advantages and disadvantages of using salary bands?
not everyone is going to agree with the structure pay arrangements. some company\’s are just not financially able to afford pay raises or pay increases. people might not find pay fair for their task or responsibilities. creating work place feuds are some disadvantages. some advantages are pay security, better benefits packages, yearly bonuses and paid vacation\’s or sick time off
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