In a successful remuneration scheme, euros are targeted to where they most increase the company’s success. For the employee, the most important aspect is fair pay.
In a successful remuneration scheme, euros are targeted to where they most increase the company’s success. For the employee, the most important aspect is fair pay.
Payroll costs are a major expense item influencing a company’s profits.
The fundamentals of an effective remuneration scheme have been considered carefully for the scheme to be fair for the employees.
The employer should plan the scheme such that work performance is taken into account as much as possible.
The Palkkavaaka® job evaluation system is a tool for evaluating the demands of jobs and for comparing the salaries that are paid for them within and outside the organisation. The system was developed in Finland and takes the special characteristics of Finnish working life into account. It is currently being used extensively in both private and public-sector organisations.
The Palkkavaaka® job evaluation can be used to assess all jobs within the organisation, from shop-floor level to senior management. The system is also ideal for analysing and identifying the demands of specialist jobs.
The assessment of job demands is based on the expectations the organisation has set for the job and on written job descriptions. After assessing a job’s demands, job-demand categories are formed and the organisation’s pay structure is determined. The external competitiveness of the salaries is assessed using the Palkkavaaka® market pay comparison.
Pay comparisons offer reliable market pay data for different-level jobs. The comparison includes, among other things, basic pay, benefits and paid performance bonuses.
The Palkkavaaka® compensation survey is carried out annually. It provides excellent tools for planning your organisation’s pay policy.
We will contact you to schedule an appointment. In the ‘Additional information’ field, you can include, for example, the best time to call you.
Together we will discuss your company’s situation and your personnel’s needs in terms of rewards.
We will propose a plan suited to your company’s needs for developing an employee reward solution or a specific reward scheme in your organisation.
