Summary

The Remuneration Details tab page sets the remuneration policy for this Work Area Position in relation to a job evaluation. They slot a Work Area Position into a salary band. These values apply to the general remuneration policy for all employees appointed to this WAP, not to a specific employee's remuneration.

Procedure

You can use either of the following methods to populate these tab page fields:

• Automatically using job evaluation banding, job evaluations or banding independent of positions.

  PayGlobal uses Job Evaluation tab values to populate Remuneration Details tab fields when you set a job size, slope value, constant and correlation factor. Use the right-click menu options to ensure that calculation includes the most current data. You can edit only the With a spread from and to fields.

• Manually using salary ranges.

  To simply recalculate remuneration ranges, leave the Job Evaluation tab fields blank and manually enter remuneration range values on the Remuneration Details tab page.

Fields

With a spread from, to:

Salary range for this remuneration policy, which is usually 20% above and 20% below the average value. The salary range for a Work Area Position is between a remuneration minimum and a remuneration maximum based on the spread determined by your organisation.

Remuneration min:

Minimum or lowest salary (remuneration) level for this WAP.

Remuneration mid:

Midpoint or market rate remuneration level for this WAP. It updates automatically from the Job Evaluation record for this WAP. The midpoint is determined using the following formula:

( Evaluation Points * Evaluation Slope ) + Evaluation Offset

Remuneration max:

Maximum remuneration for this WAP.

Market rate:

This value is provided by your consulting firm. It is the value of the job size under market conditions.

Correlation Factor:

Correlation between market size and job size for this WAP. The calculation is:

Salary Range Midpoint / Market Rate

See also

Work Area Positions - Right-click Menu

Work Area Positions - Job Evaluation

Salary Bands

Recalculate all PIR