The salary supplements are reflected in the payroll of a worker together with his or her basic salary. It is these that cause two workers in the same job to receive different salaries.
In this post we will discuss the consolidatable salary supplements. Examples of them we have in issues that are usually assessed together with the CV itself, such as training or experience. Specifically, we distinguish them from those that cannot be consolidated by the following:
In order to better understand the former, we will look at a series of examples and some questions about each of them that will allow us to manage them more effectively.
Let's take a first look at the consolidatable salary supplements that we are going to develop throughout the article:
«Discover how to increase your employees» salaries without increasing costs".»
In general, the seniority is one of the consolidable salary supplements, examples of which are based on the premise that the longer an employee has been working in the company, the higher his or her seniority salary supplement will be.
The cost to the company of recruiting new employees as a result of others leaving their posts is significant. This cost is mainly reflected in time:
Therefore, it is more cost-effective to increase a worker's salary through seniority than to recruit new workers.
As mentioned above, in the consolidatable salary complements and their examples we find the formal and non-formal training.
Although more attention is usually paid to the formal sector, it is important to be aware of the non-formal sector, as it can sometimes may have taught us more than the first. For example: what will a person who, on the one hand, has obtained a degree in psychology with a pass mark in 4 years more than he/she should have, and on the other hand, who has taken 2000 hours of non-regulated training in graphic design, be more knowledgeable about?
On the previous work or professional experience, In this regard, there are three main things to bear in mind:
We often forget the third point, but it is of vital importance in order to determine it as one of the consolidable salary complements.
In the case of specific knowledge, The most commonly valued are:
There will be many cases where such knowledge will not be backed up by an educational qualification or a certificate of employment, so we need to check to what extent the person has the level indicated in each of these.
In addition to all of the above, in relation to the setting of wages according to allowances, we must take into account other possibilities such as, for example, the flexible compensation.
These are just some of the salary supplements that can be consolidated. The examples we have given should be taken into account, but they are not the only ones. How will you value them in your company?