OKR template to develop a fair, competitive salary, benefits and housing strategy
The OKR aims to develop a fair, competitive salary, benefits and housing strategy. The first objective involves establishing a housing assistance program for the 50% lowest paid employees. This is achieved by identifying the employees, determining budget availability, and creating a robust housing assistance program.
Another objective is to implement adjustments ensuring 95% of employees perceive their salary as equitable. This will involve conducting an anonymous salary satisfaction survey, implementing salary adjustments based on survey results and market analysis, and analyzing market rates for equivalent roles.
The final objective in this OKR includes benchmarking salaries and benefits against similar roles through a market analysis. This involves identifying similar roles in the market for comparison, researching, and compiling salary data for these roles, and comparing the benefit packages offered for each role.
The overall goal is to create a strategy that enhances employee satisfaction and competitive advantage in the market. It aims at enhancing fairness and competitiveness in salary distribution, benefits, and housing assistance.
Another objective is to implement adjustments ensuring 95% of employees perceive their salary as equitable. This will involve conducting an anonymous salary satisfaction survey, implementing salary adjustments based on survey results and market analysis, and analyzing market rates for equivalent roles.
The final objective in this OKR includes benchmarking salaries and benefits against similar roles through a market analysis. This involves identifying similar roles in the market for comparison, researching, and compiling salary data for these roles, and comparing the benefit packages offered for each role.
The overall goal is to create a strategy that enhances employee satisfaction and competitive advantage in the market. It aims at enhancing fairness and competitiveness in salary distribution, benefits, and housing assistance.
Develop a fair, competitive salary, benefits and housing strategy
Establish a housing assistance program for the 50% lowest paid employees
Identify the 50% lowest paid employees- Determine housing assistance budget availability
- Develop a robust housing assistance program
- Implement adjustments ensuring 95% of employees perceive their salary as equitable
- Conduct anonymous survey to gauge current salary satisfaction levels
- Implement salary adjustments based on survey and market analysis
- Analyze market rates for equivalent roles and experience
- Benchmark salaries and benefits against similar roles in a market analysis
- Identify similar roles in the market for comparison
- Research and compile salary data for these roles
- Compare benefit packages offered for each role