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CUSTOMER POLL - What factors do you use to vary salary ranges or define salary range differentials?
Summary
What factors do you use to vary your salary ranges?Content
Compensation product management is gathering requirements for a solution to support salary range differentials. This will allow you to define differentials that adjust a base set of salary ranges. The differentials can be a positive or negative percentage.
For example, there can be 2 employees, one in San Francisco and one in Atlanta, with the same salary basis, both in grade M1. The grade rate linked to workers’ salary basis says the minimum for grade M1 is 50,000 and the maximum is 60,000. A differential can be defined that says if location is San Francisco, apply a 1.1% differential to the base grade rate. If location is Atlanta, apply a .8% differential to the grade rate. The San Francisco worker’s salary range will display as 55,000-66,000. The Atlanta worker’s salary range will display as 40,000-48,000.