Job Family or Group-Based Ranges

This details the option of selecting Job Family or Group-Base Ranges.

While not initially intuitive, this setting allows Pay Strategy Admins to create Ranges or Bands at the Job Family Level or by grouping similar Job Families that have similar market values.

Job Based Ranges

With this option, OpenComp will produce ranges for each Job Family within an organization. This results in a greater number of individual ranges with a higher level of market data fidelity for each range. The reason it produces a higher fidelity on market data is because it doesn't combine Job Families that have similar values but NOT exact values.

Job Based Ranges

Grouped Ranges

Grouped Ranges result in a more manageable, i.e., fewer number of ranges, which could benefit larger organizations. OpenComp groups together those Job Families within our Job Architecture that have similar market values. The screenshot below illustrates how the Grouping approach combines Job Families within Job Areas. In this example, it combines 3 Job Families into "Business A" of the Business Job Area (see our Job Hierarchy). Further building on this example, the Business Job Area is comprised of 3 sub-areas: Business A, Business B and Business C. The A groupings represent higher ranges than the B or C groupings. You can move Job Families across sub-groupings within a specific Job Area but NOT across Job Areas. In other words, you could not move the Marketing Job Family into the Field Sales Job Area.

The net result of this setting is that organizations have fewer ranges to manage but at the expense of somewhat lower market data fidelity within each of those ranges.