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Deciding the Structure
Structuring your salary bands is crucial to tailor them to your company's needs. This process involves deciding the number of levels, job titles, and locations required in your salary bands.
Creating Your Levels
Levels form the foundation of your salary bands and should accurately reflect your company's leveling framework. These are categorized into two tracks: Managerial and Individual Contributors.
Figures simplifies the creation and modification of these levels. The platform auto-populates levels with data from your HRIS (Human Resource Information System) as a starting point, and you can adjust this according to your needs.
Here's how you can personalize your levels:
Creating more levels: Click the "Create Level" button to introduce a new level. Enter the appropriate level name and designate whether it's a Manager or Individual Contributor level.
Deleting levels: If you find an unnecessary level, click on the three-dots icon next to that level to remove it.
Renaming levels: For renaming, click on the three-dots icon then "Update". An editable field will appear for you to input the new name.
Reordering levels: The order of levels will determine the structure of your salary bands. If you need to reorder, click on the arrows next to the level and move it to the desired position.
Take your time to structure your levels appropriately as it sets the groundwork for your Salary Bands.
Creating Your Jobs
Once you've structured your levels, the next step is to define the jobs within these levels. This part of the process helps your salary bands to mirror your company's unique organizational structure.
Choosing a Template
To kickstart this process, Figures offers two job framework templates: Basic and Advanced. Each template offers a different level of granularity, allowing you to customize your jobs list according to your unique needs.
Basic Template
This template comes with a broad classification of job roles. It is ideal for companies that wish to have more general salary bands encompassing multiple related job roles. For instance, if you'd like to have all marketing roles (content marketer, product marketing manager, etc.) under one 'Marketing' band, this is the template for you.
Advanced Template
For organizations seeking a more detailed division of roles, the advanced template provides a granular categorization of jobs. If you prefer to have a separate salary band for each job role (like Content Marketer, Product Marketing Manager, etc.), this template will suit your needs best.
In case you select a template and later decide it doesn't suit your needs, don't worry! You can always return to the template selection by clicking on the "Reset Structure" button. This will allow you to start fresh with your job framework structuring process.
Customizing Your Jobs
To further tailor the job framework to your company, Figures allows you to create, rename, and delete jobs.
Creating Jobs: Click on the 'Create Job' button to add a new job to your framework. This will open a dialogue box where you can enter the job title.
Renaming Jobs: To rename a job, click on the three-dots menu next to the job title and select 'Update'. An editable field will appear where you can input the new job title.
Deleting Jobs: If you need to remove a job, select 'Delete' from the three-dots menu next to the job title.
Remember, you should create as many jobs as you need salary bands.
Creating Your Locations
After creating your levels and jobs, the final sub-step in structuring your salary bands is selecting the locations. This ensures your salary bands are tailored to the geographical variations within your organization.
Choosing Locations
To kickstart this process, we pre-fill your locations based on your data. However, you are free to customize this list to accurately reflect your company's geographical structure.
The scope of these locations can be as broad or specific as you require. They could be regions (e.g., Western Europe), countries (e.g., France, Spain, UK), or even cities. The key is to make it mirror your compensation strategy.
For instance, if all your employees in Western Europe should follow the same salary bands, you can create a "Western Europe" location. Conversely, if your compensation varies by the exact country, you can create individual locations for each country where you have employees.
Here's how you can customize your locations:
Adding Locations: Click on the 'Create Location' button to introduce a new location to your structure. This will open a dialogue box where you can enter the location's name.
Renaming Locations: To rename a location, click on the three-dots menu next to the location name and select 'Rename'.
Deleting Locations: If you need to remove a location, click on the three-dots menu next to the location name, then Delete.
Concluding Remarks
Once you've completed these steps, make sure to save your changes. With your structures set up, you're ready to move to the next step: Grouping and Mapping.