High-quality data, direct from HR teams Options include formal evaluation (point factor system) or informal agreements (slotting/ranking systems). At the end of our engagement, the company had the following tools in place: It's important to remember that job leveling systems are helpful for many types of companies from publicly-traded multinationals like the example above, to small, private, local companies seeking a flexible foundation upon which to grow. The executive peer list is very important to get right. We love that we can access both technology and sales positions with a single vendor. Our client was undergoing rapid growth and looking to scale its domestic business into more international markets. COMPENSATION CONSULTING Dell Spotify The skew is to the left in India and China, where more employees perform lower-level jobs relative to the US. Even when companies align all of their salary ranges to a single global leveling system, they retain the flexibility to more or less granular in setting specific pay ranges. 3 0 obj This should provide a solid foundation for negotiations with your Works Council. More Technology and Life Sciences Companies Are Turning to Market - Aon Mid-level professional jobs (level 3, 4 and 5 in the Radford Global Technology Survey) across most job functions reflect statistically significant base salary premiums for new hires vs. incumbent employees at the same level. We're much more than a data provider %PDF-1.5 Covers activities related to firm-wide, function, area or focus level leadership. Compensation Coinbase What we do. The most complete job library in the business Our job library is the industry standard for technology firms. Location Analysis Location Analysis Job leveling also creates an infrastructure that is easier to maintain as a company continues to grow its workforce and geographic reach which is particularly important in the active M&A environment. Figure A below shows the promotion path of a junior accountant. The simple answer to this question is "enough." Product Release Notes Comparing jobs helps us know their relative value within the company. Analytical Job Evaluation: Value-Adding Business Process or Bureaucratic Relic? May include direct to consumer or business to business transactions. Short- and Long-Term Incentive Plan Design Study You want to be able to pay enough to: The trick to "how much" is to find the right balance between what is motivating and what is affordable. Radford Renewal 2023 - Aon If you do not wish to receive these communications, please check here: Reimagine Your Workforce Strategy Plus, we have a 60-person global consulting team ready to handle your biggest plan design challenges. Compensation, Email All rights reserved. The dual career ladder found in many organizations offers employees the ability to earn similar levels of compensation in both management and professional tracks. Close the Future Skills Gap Covers activities related to enabling functions that drive business results. Years ago, companies routinely thought that the same peer list, or even results drawn from all participants in a survey, made for an effective benchmark analysis. The contents herein may not be reproduced, reused, reprinted or redistributed without the expressed written consent of Aon, unless otherwise authorized by Aon. Contact Us. Salaries for mid-level engineers are just 6.5% higher than a year ago and overall salary increases for 2015 are running at 8.5% at the 50thpercentile. Radford's global sales, technology and life sciences surveys provide companies the basis for creating job architecture that provides a framework upon which job leveling systems are built. A great global job leveling program is the foundation for creating a compelling, fair and market-oriented approach to managing your talent for optimal business results. The most complete job library in the business. However, that's not always the case. The days of aging stale data and scraping together tidbits of information from the internet are over. JFIF Ducky d C We're ready to tackle your biggest talent & rewards challenges. Private Companies (all industries), MARKET PRACTICE STUDIES In-Depth Research, Careers Intern, New Graduate and Pay Administration Study Life Sciences Sector Struggles to Maintain Consistency for Scientific Job Titles, For an Effective Job Levelling Approach, Follow These Five Steps, 5 Reasons to Revisit Your Job Architecture, Understanding the Impact of Performance Ratings in Differentiating Pay, How Biotech Companies are Scaling their Workforces for High Growth, A Well-Oiled Machine: What High-Performing Companies Are Doing That Youre Not, Voluntary Sales Talent Turnover Finally Slowing Down, New Radford Data Suggests the War for Talent in China Could be Cooling Off, But Just a Little, Turnover Rates for Sales Employees Reach a Five-Year High. For example, China and India are beginning to show more prominent pay premiums for technical job roles, much like the US, while Japan and Korea seem to show a technical premium only at upper management levels, not at entry levels. The first part of understanding how much to pay is to know the philosophy and inner workings of how it's established. The sheer size and scope of a large survey database will allow you to customize reports that give you keen insight into your competitive labor market. Building or refining job leveling structures to meet the growing and changing demands of your business will result in better communication with your employees, more clearly defined career paths, and salary structures with greater market alignment and internal equity. Update: We've updated this article to include new information and data. In light of this dynamic, over the past several years, we've seen a steady shift away from highly regimented job leveling models. Here are a few things that you should be aware of. Still, driving this type of change has hurdles, and HR leaders need to be aware of the many steps that might be involved in migrating to a global leveling model. As the dynamic technology sector job market continues to evolve, we regularly take stock of the jobs contained within the Radford Global Technology Survey. To learn more about participating in a Radford survey, please contact our team. Radford and TCM survey clients will now use a unified job library and job code methodology. However, European companies as a whole are starting to consider different approaches that facilitate more dynamic organizational design with the capacity to adapt pay and talent practices to more readily respond to today's so-called VUCA (Volatile, Uncertain, Complex, Ambiguous) market demands. endstream endobj 26 0 obj <> endobj 27 0 obj <> endobj 28 0 obj <>stream Around the world, more companies are taking a critical review of their job architecture and leveling approach to ensure the core elements of these systems support employee mobility, career development, enterprise-wide system implementations, transparency and accountability. A recent survey by our consulting practice found that 20% of responding companies revaluated or redesigned their job leveling architecture in the preceding 12 months, and another 30% of respondents said they were prioritizing updates in the year ahead. Our approach to job leveling includes creating a structure that has articulated career paths for various job families that can support a global organization. Benchmarks, ADVICE But now we know that specificity adds value. Reports SAP, Siemens EQc4T=3F+Yipd@/pODGM,5mZsDp? v2}6x=zqjjz};hE/{~]6`7 aVlGkR%tgN jBO]j: FTphDK;QKZa7N{~3;ukjY#QIj4+7,&?v. Beyond compensation, our suite of market practice studies are designed to handle your most pressing issues and cover annual salary increases, incentive design, new graduate pay, allowances and more. Cisco Systems C.3 Radford Global Compensation Database Job Catalogue Proprietary and Confidential E6 Executive 6 E5 Executive 5 Examples Chairman, CEO Major Function Leaders, often CXOs, EVPs Description The senior leader(s) of the corporate entity. Below is an example of how different job families are graded and grouped into two tracksone for management and one for individual contributor. In an era where many companies are concerned with and actively root out pay inequities, as well as the deeper structural issues that can sometimes lead to them, job leveling is a system that can support this important effort. Radford | Our Platform %%EOF There are two basic ways that you can go about matching jobs: Another term that you will see a lot when it comes to surveys is job families. The key to successful survey participation is job matching. Xactly Organizational The Radford Global Technology Survey defines six distinct levels of work for most individual contributor job families. Covers activities related to business and revenue generation, supporting customers in finding products, solutions and services that best meet their needs. In the next section of this paper, we describe how Radford's approach can be customized for companies operating in Asia, Europe and the United States. Media Contacts Radford's global sales, technology and life sciences surveys provide companies the basis for creating a job architecture that provides a framework upon which job leveling systems are built. Next, decide which group of companies best represents your competitive market for talent. Non-Technical Jobs Source: Radford Global Technology Survey The chart below illustrates how tweener grades can be developed specifically for Asia within the context of a larger global leveling system. It's important to remember that job leveling systems are helpful for many types of companies from publicly-traded multinationals to smaller, private companies seeking a flexible foundation upon which to grow. Media and Gaming It will likely be to your advantage to use different peer lists for different kinds of jobs. <>/Font<>/Pattern<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Whether you're looking for instant results or need to run multiple complex queries, our Quick Benchmarks, Market Queries, and Country Totals tools are optimized to provide you with the power and flexibility you need to mine our data with ease and generate market-leading compensation insights. The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Compensation If he follows the solid gold line and is promoted in the accountant family, then he has received an in-family promotion. Three things to know: The general layout of the job codes is the Function + Area + Focus + Level. These positions should be analyzed using local data and while the generator may reflect local conditions in some areas, custom analysis may be needed for other markets. endobj General Motors Country Profile Reports <> Entry-level professional jobs (level 1 and 2) don't have a big premium for new hires. <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 12 0 R 13 0 R 14 0 R 15 0 R 16 0 R] /MediaBox[ 0 0 612 792] /Contents 5 0 R/Group<>/Tabs/S>> When designed correctly, job leveling greatly simplifies how global workforces are organized and managed by introducing a common grading language across all employees and functions, while still differentiating for performance and specific market realities. Technology In-Depth Research, Careers A consistent leveling structure enables more robust and diverse analytics across sectors, geographies, and jobs. Survey Services, ANALYTICS As an example from the Engineering function, the Software - Applications Development P3 job would be: We have developed a globally consistent leveling structure to fit the unique and specific needs of our clients. Technology PDF Radford Global Technology Survey Designed to meet your complete compensation benchmarking needs on a single platform, the Radford Global Compensation Database allows you to benchmark data from over 15 million employees across all geographies and industries for the most up-to-date workforce insights.
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