Forward to a colleague View as a webpage Add us to your white list Quick Links »   Market pay   Pay progression   Surveys   Pay awards   XpertHR news   Reference   Blogs Market pay Using market-related pay effectively Setting pay rates according to the labour market may be appealing to many employers, but it can entail a substantial amount of research without any guarantee of success. We consider some of the key issues. Implementing market-related pay at the Principality Building Society The Principality Building Society introduced a market- and performance-related pay and grading structure following a comprehensive job evaluation exercise. This case study looks at how this was implemented. Top Pay progression Pay progression in the public sector Many employees in the public sector receive salary increases reflecting their experience in the role in addition to a basic pay award. We look at some examples of how pay progression operates for different groups within the sector. Top Take part in XpertHR research Company cars survey Company cars can be both an essential job tool and a useful benefit for recruitment and retention. But on the flip side, there are complex tax rules and environmental issues to take into consideration. To build up a picture of how organisations use company cars, XpertHR is conducting a confidential survey. We would greatly appreciate your assistance with this research by completing our questionnaire (whether or not your organisation has company cars). In return for completing our survey, you will receive a free copy of our report as soon as it is completed. Top Pay awards › Pay review update › B&Q › Refractory industry › XpertHR indicators: pay awards Top News and advice from XpertHR › How pre-retirement courses can ease employee departures › Managing underperformance 2011 survey: tools and techniques › Managing underperformance 2011 survey: line managers' role › Enhanced model policies on redundancy Top Statistics and reference › XpertHR pay trends homepage › National minimum wage › Economic indicators › Statutory rates Top From our blogs › Economic commentary March 2011: Budget and protests in prospect › Youth unemployment: a closer look at the figures › Are official inflation statistics misleading? › Pay rises are recovering slowly, but the going rate is still only 2% › Local government workers see pay frozen for a second year › Pay awards and inflation: "misery will be replaced by happiness" › XpertHR pay data and Bank of England policy on interest rates Top Editor's message MARKET-RELATED PAY Although there are inevitably other factors at play, ensuring that your organisation offers the right salaries is a powerful recruitment and retention tool. Making sure that salaries are set at a competitive level requires comparison with the wider market - to establish so called "market rates". In this issue we look at the practical issues surrounding the use of market-related pay, as well as sharing the experiences of one employer, the Principality Building Society. In the public sector, employees are typically rewarded for their time in the role, through progression payments. Our examination of pay progression in the public sector explains how this works for different groups in the sector. Don't forget that you can access details of all the latest pay awards collected by XpertHR in our pay review update table. This includes a link to an archive of pay awards by sector. Sheila Attwood Pay and benefits editor, XpertHR Pay Intelligence blog Perspectives on the changing world of pay, including news, commentary and analysis on pay issues, law, employee relations, recruitment, retention, reward and work organisation. XpertHR Benchmarking Benchmark your employment practices, policies and performance; download results for use in your own reports; and benefit from four decades of HR benchmarking expertise. Get more out of XpertHR › Model policies › Good practice guides › Line manager briefings › Salary surveys Tools for subscribers › My XpertHR › User guide › Advanced search › XpertHR feeds Customer services › Password reminder › Email the helpdesk or call 0845 671 1110 › Read previous newsletters Forward to a colleague xperthr.co.uk This email has been sent to luke.smith@rbi.co.uk Unsubscribe from future pay and benefits emails. Disclaimer This message is intended only for the use of the person(s) ("Intended Recipient") to whom it is addressed. It may contain information, which is privileged and confidential. 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