SP5® Strategic Pay Five Factor Job Evaluation Methodology
Finding the similarities between jobs
The widely used SP5 methodology is well accepted as a simple but robust tool for determining internal relativities and for structuring remuneration policies. The methodology is designed to measure the similarities between jobs, avoiding the fine distinctions (and potential subjectivity) of traditional systems. Hence, SP5 suits organisations seeking to broad band their pay structures or seeking a more generic approach to job evaluation. It is particularly suited to environments where the transparency of process and results is of great importance for employee groups.