Pay and job pricing
A company’s pay policy is successful if it attracts, retains and improves the performance of employees in an economic and equitable way. The primary concern of all HR professionals is to achieve a good return from human capital, whilst ensuring that payroll costs do not adversely impact upon company profitability.
Pay in Europe reports
Every spring we publish pay charts for 48 different European salary markets. Each chart covers 32 standard jobs within two categories of company size or type, and provides detailed hourly midpoint and range data in local currency. On joining FedEE for the first time, you will receive a printed version of the latest report, and all subsequent updates will be available on-line in the members’ area of our website. For further information, please view this example of a typical pay chart.
FedEE Job Evaluation and Pricing System
Our on-line ‘JEAPS’ system may be used to tailor a search for salary benchmarks according to more detailed features of a job and the sector in which it operates. The job evaluation process involves selecting a series of options from a typical job description and normally takes five to six minutes to complete. Once you have specified the company’s size, economic sector and location, the system will generate a pay midpoint and ranges for the relevant country. For further information, please view our sample input form. No special training is required and members have free and unlimited use of the system.
Mettre à Jour – the European HR newswire
FedEE reports on pay developments in Europe’s 40+ countries through the Mettre à Jour newswire, which is circulated to members twice monthly. We also produce practical guidance notes on such issues as expatriate housing costs, comparative living costs and income tax across Europe.
Around half of all European countries currently maintain a statutory minimum wage system. The rates set by national governments, however, are often at or below subsistence levels and therefore may not always be a realistic guide for setting company pay levels. FedEE maintains a table of statutory adult rates which is updated on a regular basis.