Phoebe.sf
Can any one please share with me how to determine a salary range for different job level?
example:
Technician Level 3 (Min Pay3) ( Max Pay3)
Tehcnician Level 2 (Min Pay2) ( Max Pay2)
Technician Level 1 (Min Pay1) ( Max Pay1)
Can Max Pay1's value more than Min Pay2 or not? Under what circumstances?
Appreciate your advices, thanks in advanced.
Regards
Phoebe

From Malaysia, Kuala Lumpur
Cite Contribution
1859

Dear Phoebe,


The salary depends on factors such as
  1. Budget,
  2. Market value of the skills required
  3. Dimension of expertise required
  4. Availability of the talent with the skill sets required
  5. Trainability of the job
As stated in your post, Max Pay 1 needs to be more than Min Pay2. Suppose you need to hire a Technician (a fresher with good academical background relevant to your field) who would produce the first level product. At the point of being inducted, he may not be in condition to handle the escalations. Hence you offer him a salary of Mid/Min Pay1. Thereafter you create a career path and train him to handle escalations and produce a higher level product. Hence review his salary to Max Pay1.

Now suppose in the meantime, you need to increase your employee strength and you hire more talents. At this point of time, you make an offer to a technician who has the same amount of knowledge/ certifications coupled with experience in working in that role. He may not have handled too many escalations, but is aware of the work environment. Hence would take a lower training time. Here you offer him a Min Pay2.

This would build on parity on the next performance reviews , where you can match the salaries of the relatively new and existing employees.

Hope this answers your query.

Regards,
(Cite Contribution)

From India, Mumbai
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