Insights from recent client engagements suggest a shift in thinking is underway among both management and employee leaders across Europe with regards to the type of job leveling framework that can provide the essential backbone or common operating language to support the implementation of more agile and dynamic people processes. The key to successful survey participation is job matching. Covers activities related to scientific research and development of products such as pharmaceuticals, biologics, therapeutics, diagnostics, medical devices, animal health, etc. Job descriptions in Radford surveys summarize the primary responsibility of each job. All personal information is collected and used in accordance with our privacy statement. The simple answer to this question is "enough." Media Relations When a hiring manager is opening a requisition, they too have an idea of knowing how much a job is worth. 25 0 obj <> endobj A G+20n9X,R{,A Hw#?CKA#nX> %a]DA:.@`3Z' )[ Most companies that turn to job leveling find the approach to be more transparent, fairer and easier to communicate to employees. 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. While administrative, technical and production roles can still be aligned into consistent global job levels, each of these support functions should have their own market-based pay ranges to reflect their specific values in the local market. All rights reserved. Where this is a factor, separate market-based pay ranges can be created for management and individual contributor positions that still remain in the same global grade for purposes of internal pay equity and global consistency. The chart below includes a knot tying analogy that may help explain the conceptual framework for job levels and shows the actual distribution of employees in each level in the US, India, and China. The Radford Global Technology Survey defines six distinct levels of work for most individual contributor job families. Philips Healthcare IT also employs student help to staff the Help Desk, Electronic and Computer Repair Services, and the Walker Technology Center. Global Job Leveling at Radford: A Tailor-Made Approach for Companies Driven by Innovation, Accelerate Your Workforce into the Future, Radford's approach to global job leveling. Global Benefits Partner with a trusted resource Explore the Job Matrix May include direct to consumer or business to business transactions. As previously mentioned, defining job levels within a family is a critical skill of a well-rounded compensation professional. In the meantime, if you have any questions, please don't hesitate to contact your survey consultant. An example of this is an accountant 1 that becomes a financial analyst 2. Since the concept of a peer group is a bit more intuitive for executive compensation analysis , lets use hiring a sales executive as an example. Further, our consulting teams, with offices worldwide, understand the nuances of each market a company might operate in and have the experience and knowledge necessary to customize approaches for the particular location and circumstances of each client. First off, global competitors of similar or larger size chosen for executive analysis may include some companies outside your core industry. The Rewards Solutions practice at Aon and other Aon group companies will use your personal information to contact you from time to time about other products, services and events that we feel may be of interest to you. In Asia, it is also important to evaluate pay levels for support functions very carefully to separate technical positions from administrative roles and skilled production jobs whose requirements and pay levels may vary considerably. 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. Covers activities related to the conversion of raw materials into goods including both consumer and industrial. Finally, it's imperative that any approach to job leveling include enough elasticity in the system so that it can be tailored to meet the demands of different companies and different markets. A great vibrant team and wishing them All The Best. ",#(7),01444'9=82. Streamlined ability to port Aon data into third-party tools. Close the Future Skills Gap ABOUT US We hear this question a lot. Managing the distribution of employees at different levels is a way to ensure that you are developing new talent and shifting work that requires a lower level of skill to employees at more junior levels and lower levels of pay. Covers activities related to firm-wide, function, area or focus level leadership. The chart below illustrates how tweener grades can be developed specifically for Asia within the context of a larger global leveling system. Build a Future-Ready Boardroom 0000001636 00000 n That's where an objective benchmark from a compensation survey like Radford comes in to save the day. Infographics <> Covers activities requiring an engineering, computer science, or life sciences background that is applied to a problem solution, insight discovery, innovation and product and/or service delivery using information systems, data management or communications vehicles/platforms. Compensation Microsoft All rights reserved. For workstudy opportunities, and to apply for financial aid, visit the Radford University's Financial Aid office online. If you do not wish to receive these communications, please check here: Reimagine Your Workforce Strategy Corporate Governance Ef "Q#C &"4sd#~8/*RUL![6Ac3%* +$Vz.x^4mZMJ lKW`\;[f2583ubC;k'rCF_(g0J4 Location Analysis 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. Upcoming Events and Webinars General Disclaimer 2168 0 obj <>stream The key is to start the process in a transparent manner and to have a strong business case for why a global leveling model will support long-term growth and innovation everywhere that your company operates. Dell In addition, their survey consultants are superb and never fail to deliver top-quality service and products. startxref Distribution of Radford Global Technology Survey Participants, Select Radford Global Technology Participants, Adobe Systems While the representative body doesn't have legal authority over determining the size of salaries, it does have a voice in the overarching scheme that underpins compensation decisions. The dynamic business environment across Asia produces a high degree of regional differentiation, which makes tailoring job leveling to the unique needs of every market where you operate even more important. Radford's globally consistent approach to job leveling provides companies with the flexibility they need to meet the many nuances of workforce, rewards and regulatory practices in regional markets, while also providing a foundational structure to scale for growth and maintain a globally connected rewards system. As the results from Aon Hewitt's 2014Trends in Global Engagement show, career development is at the top of employee engagement goals for both employees and companies. In contrast to technical jobs that may require a country-wide recruiting effort and technology-specific companies, administrators may best be sourced from local companies where individual skills and experience are applicable and local recruiting is key to cost-effective hiring. Not every job is surveyed though since some companies may have unique definitions of roles or jobs that few others have. Executive recruiting is often focused on bringing talent to an organization that is not tied to specific technology; leadership from another industry may transfer effectively. When you ask a candidate how much they would like to be paid, they have an intuitive sense of their value. 2148 0 obj <> endobj The entire Radford Platform consists of three elements: A dynamic and intuitive portal to access compensation insights quickly and efficiently, A single database containing all survey incumbents across industries and geographies, A unified and highly differentiated job leveling system and job library that creates a common language for all clients. What this means for you: One globally consistent input process; One output methodology Press Contacts These types of energy are used to generate power for residential, commercial, industrial and transportation customers. Organizational structure and design affects every aspect of a business, including talent mobility, compensation programs and even the speed of innovation. However, this system is underpinned by job architecture, which is a method of organizing jobs into job codes, job titles and functional areas, all before assigning a grade level. While regional differences in pay levels exist, the global leveling system enables a company to be consistent in its determination of program eligibility by considering the internal equity of the positions in a given grade and then letting market practices dictate actual compensation levels. For the technology companies, 48% said they have one salary structure that covers most job functions, but have market-based ranges for functions that pay a premium (or a discount) in the market. ABOUT US If he follows the solid gold line and is promoted in the accountant family, then he has received an in-family promotion. The system combines individual contributors and managers into global grades where market pay suggests equivalence. Large, global enterprises need a job leveling structure that not only provides flexibility for the unique circumstances of different countries and regions (as explained in more detail in this article) but is also compatible between different markets. Around the world, more companies are turning to global job leveling systems as a replacement for their legacy methods of grouping similar jobs across various regions and business unitswhether they currently use a points-value system, generic job descriptions or something else. Plus, your team will be able to cut down on research time, have more energy to work on establishing consistent compensation programs, and won't have to scramble for data every time your business enters a new talent market or adds new types of jobs. Also, as a company which has experienced rapid-growth over the last few years, features like the Radford job descriptions and leveling charts are great tools we can use with our business leaders to help them better understand the need for scalable compensation structures., "The primary reason we use Radford as our survey provider is the combination of their data accuracy and alignment with our talent compensation expectations. stream Our surveys and the Radford Network are constantly evolving, which is why we publish regular release notes to keep clients up-to-speed on recent product changes. 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. Location Analysis Next, we aligned all job roles in the proposed architecture into grade levels with salary ranges attached for each geography and functional grouping. Zero in on the data that matters most to you Real customer service 0000001413 00000 n Most importantly, our new job code methodology will allow us to generate new jobs faster each year in reaction to shifting workforce trends. Peloton 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. That may come from an amount based on what they earned at a previous job, the amount they think others get, what they need to make ends meet, or what they've heard from recruiters and seen on job boards. Rethink Location Strategy, Articles If instead he follows the dotted gold line and becomes a financial analyst, then he receives an out-of-family promotion. The catalyst behind our job leveling architecture is our clients. A Leading MNC in ATM Manufacturing & Payment Services Head- Talent Acquisition Then consider affordability. Workforce Planning Aon plc. To learn more about participating in a Radford survey, please contact our team. 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. 0000001195 00000 n In general, if your job content matches a survey job by 75% or more, it can be considered a good match. 0000004763 00000 n Covers activities related to the acquisition, development, production, publication and distribution of film, television, animation, radio, podcast, web-based video, streaming, broadcast, print media, electronic games and other forms of media. ST Micro Figure 4 illustrates how tweener grades can be developed specifically for Asia within the context of a larger global leveling system. h[O0Kb'PPVi\DT^)MHc'i 0 This type of approach is sometimes used in China and India, where the jump in pay from one official job level to the next is steep, and the promotional velocity for lower-level employees is typically expected to be rapid. Our job library is the industry standard for retail and e-commerce firms. When the Radford Global Compensation Database is used to assist recruiters assign an appropriate hiring range, keep records of the job match for subsequent data reporting and analysis.

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