Step Three: Job Evaluation – Getting Your Compensation Right

Job Evaluation – Getting Your Compensation Right

Hopefully you’re in a position to offer an engaging work environment in a growing industry, or perhaps in a  sector that provides much needed social services  in your community. Whether this  is the case or not, you  will need to ensure that your compensation package is competitive to attract suitable candidates.

It also has to be a package which is within your means, and this may require a larger business discussion to ensure that the mix of pay, benefits, retirement savings plan, professional development, incentives and other “perks” are feasible, and needed, to engage and retain the talent you are looking for. You may be in a position  to offer some of these compensation elements, and not others. You must research your marketplace to determine what competitors and peer organizations are offering to new hires and existing staff.

This project is funded in part by the Government of Ontario