An HR columnist says many firms have not revised their salary structure in over 3 years, some in over 10, which leaves it unable to guide pay decisions. He describes two methods: (1) raise every grade midpoint by the same percentage as the market average, which is fast but distorts the structure; (2) re-run salary surveys from several sources, redo job matching for each grade, and rebuild the structure, which takes longer but is more accurate. He recommends method 2. For a small business, the practical step is to check when your pay bands were last reviewed and compare them with current market pay for your key roles.
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