Compensation Audit
To provide an independent study on existing practices and systems in order to identify strengths and weaknesses hence to recommend appropriate changes where necessary.
Compensation audit is used to provide an independent study on existing practices and systems in order to identify strengths and weaknesses hence to recommend appropriate changes where necessary.
The following areas can be reviewed:
- Salary Policy and Procedure.
- Performance Management System.
- Salary Administration System.
- Increment and Reward System.
- Job Grading System.
- Internal and External Equity.
- Strategic Reward.
- Salary Monitoring and Control.