Method and apparatus for integrating competency measures in compensation decisions
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United States of America Patent
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Jan 8, 2002
Grant Date -
N/A
app pub date -
Jul 10, 1998
filing date -
Jul 10, 1998
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Abstract
Methods and apparatus for incorporating measures of competency and contribution into pay decisions are disclosed. According to one aspect of the present invention, a computer-implemented method for automating compensation decisions includes obtaining indications of performance for a group of individuals in a common role. Relative rankings are produced for the group of individuals based at least in part upon an analysis of the indications of performance, and are compared to distribution data that is relevant to the common role. The comparison of the relative rankings to the distribution data is used to determine a suggested level of compensation for each individual in the group of individuals. In one embodiment, obtaining indications of performance for the group of individuals includes obtaining quantifications of competency and contribution for each of the individuals.
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