What are job families and career levels, and why does MarketPay collect data in that manner?
As consultants, we’ve noticed a distinct trend among leading companies to move to job family/career level compensation programs in recent years. These approaches correct many of the shortfalls of broad-banding, point-factor, and direct market-pricing compensation systems, and provide a rational and effective framework for developing compensation structures. In short, we think it’s the best approach out there for most organizations.
