In addition to contributing to long-term talent acquisition, there is the benefit of being able to adjust the offer amount during mid-career hiring.
Functional pay is fundamentally a concept associated with the functional grade system, similar to age-based and length-of-service pay within the grading system. However, unlike age, it determines the base salary based on functional abilities, meaning that as job performance capabilities improve, the base salary increases. Functional pay needs to evaluate the individual's abilities and reflect that in the base salary. Generally, a salary range is set for each grade, and the base salary is increased by the established salary pitch (the increment in salary) based on the level of evaluation. ▼If you want to learn more about the concept of base salary determination▼ Please download the '【Complete Version】HRBrain's Manual for Designing Performance Evaluation Systems' from the link below!
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The "HRBrain" series we offer consists of seven services, including "HRBrain Talent Management," organizational diagnosis surveys, pulse surveys, personnel evaluations, 360-degree evaluations, labor management, and an internal chatbot. It is a cloud service that enables one-stop solutions for streamlining HR operations and centralized management and utilization of human resource data. In addition to further promoting digital transformation (DX) in the HR field, we are expanding our services to contribute to human capital management and ESG management. *As of November 8, 2022.