Salary Band Harmonization & Market Adjustment Model
Seed: Employee list (current salary, band, compa_ratio), market data table; sample compa_ratio = Salary/MarketMidpointADVERTISEMENT - IN-ARTICLE
Implementation Guide
Tool to harmonize internal salary bands with market data across geographies and job families. Computes compa-ratios, identifies outliers, models staged market adjustments, budget impacts and phased implementation plans. Includes rules for minimum, target, and maximum band movement and automated summary sheets for executive sign-off. Also provides a communication-ready table of affected employees and suggested effective dates. Useful for total rewards teams managing rebanding and cost forecasting.
💡 Expert Q&A Insights
Q: \
How to budget for broad market adjustments?\" \"
Q: Run phased scenarios with % adjustments and sum projected incremental cost by payroll period.\"\n\"
Can it preserve internal equity?\" \"