How to Build Pay Grades and Salary Ranges


How can you set your pay ranges just right?

In this webinar, Mykkah Herner, a member of PayScale's compensation consulting team, will show you how to build ranges from a market-centered midpoint and how to use market data to update or create market-based pay ranges.

You’ll learn how to:

  • Identify appropriate sources of market data

  • Select an appropriate “market set” for utilizing market data

  • Choose benchmark positions and slot non-benchmark positions into your pay structure

  • Create a strategy for dealing with “hot” jobs that fall outside of internal ranges

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