Business leaders and HR managers across the board have the humongous task of cutting down operational costs. Some have taken a call to cut salaries across a band while others are taking more tentative steps.

Called the ‘jam on toast theory’ – where everyone gets the same treatment – slashing salaries across jobs may remove exit barriers and you may find some critical talent moving on. In the past few days, I have seen a couple of ‘critical to business’ role holders moving jobs.

On the other hand, hesitation in reducing salaries may leave you with over-burdened operational costs making it an unviable business. 

What then, should be the logic of salary reductions?

As a part of our continuous effort to help you with the current chaos, we are happy to offer a ‘compensation restructuring’ solution.

We have been conducting compensation benchmarks since 2009 and have the expertise to help you redesign your compensation structures. We have conducted multiple studies in the past including – compensation benchmarking study in the construction chemicals space.

Maintaining a viable salary structure is imperative in today’s scenario. 

We can help you define optimal structures in today’s scenario based on data analytics and help you in cutting costs. We use job analysis, job comparator baskets and market benchmarks to arrive at compensation structures. We also conduct data analysis at organization and departmental level and provide insights into current organization pay structures to facilitate better decisions.

Please reach out for more details at info at info@ableventures.in