Dimensions That Set Boundaries for Pay Grades
The boundaries for the pay grades are generally set by 4 dimensions:
- Business size: measured by company turnover figure (revenue)
- Business complexity: measured by the level of integration of the business, the diversity of the product portfolio, the complexity of the business processes and so on.
- Organizational size: Measured by the number of employees
- Geographical breath: Measured by the international reach of the organization.
Source: Mercer IPE Methodology