Compensation System for Startups
Although structuring an appropriate compensation system is an essential decision for businesses, determining the right time for it is also a key decision.
On the one hand, startups are interested in being agile and flexible, and on the other hand, continuing this approach may lead to chaos in payment and its unfortunate consequences.
A chaos that can even affect the benefits of agility and flexibility. Employee complaints about the lack of a fair system for determining salaries and benefits, especially for newcomers, can be a new challenge for startup founders, diverting their attention and focus from customers, the market, technology, and competitors, and putting their growth and survival at risk.
Thus, it is necessary to strike a balance between agility and flexibility and being structured and having a system. As the startup consolidates its position, appropriate and precise HR and compensation system would be essential.
Older Remuneration systems that do not communicate and interact with the labor market and define a linear relationship between grade and salary will force HR to make numerous amendments to their salary structure which make it ineffective after a short period of time.
The complications of these types of instantaneous decisions become apparent in a short period of time, turning the human resources department into an area of daily bargaining and conflict between managers and employees.
These facts are experiences in companies in different kinds of economic systems in all of the world, and new compensation solutions have been presented in response to these unpleasant experiences by international consulting firms such as Hay Group and Mercer.
Hay Group, as one of the most well-known modern compensation systems in the world, recognizes the complexity of the relationship between grade and salary and the consideration of other modulating factors, and presents adaptive techniques as part of its recommended solutions.
New compensation recommendations and trends have attracted the attention of many leading businesses in the world in recent decades.
The unpleasant experiences of companies with no system and a negotiable compensation package and outcome of rigid systems incompatible with the labor market, have led pioneer companies to learn and rethink about this challenge.
Rayan Rahbord Human Resources Consulting and Training Company strives to help startups and leading active organizations in Iran by introducing and expanding HR and compensation models and practices.
We provide consulting services by abroad trained consultants with numerous implementation experiences within the Iran. We adapt the HRM system with legal requirements like Labor Law, Social Security Law and job classification method which is mandatory in Iran.
Fell free to call or email us for training workshops and consulting services:
WhatsApp message: (+98) 9331382211
Email: HR@ISURVEY.IR
Phone: (+98)2144540912
Related Posts:
- HR Consultant and HRM Advisor Responsibility and duty (Iran Area)
- Incentive Compensation Options
- Effective Feedback for Performance Management
- The ” Job Classification” regulations has been revised by Ministry of Labor (Labor Law of Iran)
- About Rayan Rahbord (RRC Ltd)
- Tips for negotiating with your manager about salary increases and promotions
- Hiring HR Supervisor in Iran
- Negotiations of Iran’s Supreme Labor Council regarding wage increases in 1403
Our Training Programs Advantage
Our Training workshops are prepared based on the world wide accepted models and methods. Our approach is creating specialized skills, and learning and enabling participants to implement the training subject in their organization after active participation. These skills create a new window for managers and human resources professionals to see from a new view point.
Our Approach in HR Consulting Services
Ryan Rahbord Ltd. places great emphasis on internalizing best practices and methods in organizations. So that all consulting projects begin after learning the concept. In this way, implementation will be accompanied by awareness of the outlook and mastery of the technique. Then organization will also will be able to make updates in line with changes by itself.
Aligning HR Good Practices with Local Law and Regulations
Our experts and lawyers who are fluent in labor law and social security law will help you to reduce legal risks in implementing compensation and HR improvement projects as well as issuing contracts and any other employment related matters.