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.
SP5® Advantages
- Fewer factors makes the process quicker, which is great for larger job volumes
- Removal of sub-levels within factors enhances consistency
- Plain language allows for ease of use without extensive training
- Transparent reporting of results to management and employees
The Factors
Contact a consultant for details on how SP5 can help your organisation HERE >
Create Capability: view the public SP5 Job Evaluation Workshop dates and locations HERE >
