4 ms·
Who cares how the role is classified in the payroll system? That’s now how anyone serious determines what an individual’s compensation is.
by brown9-2 7y ago
Who cares how the role is classified in the payroll system? That’s now how anyone serious determines what an individual’s compensation is.
- eitally 7y agoYes it is. Companies set salary ranges based on cost of labor in given markets. They do this by grouping job codes into job families. The job families are what's benchmarked. It's entirely possible for there to be a broad range of job codes and business titles (or even one job code & multiple business titles) with the same benchmark. Because CoL benchmarking only works if companies share labor data with each other, they typically have no problem sharing this information to clearinghouses that provide this analysis service for pay. It also means the benchmarking tends to be fairly accurate.