While costly, transitioning employees into newly created pay bands is an important task. This shift doesn’t have to happen immediately (although it can), but it must happen. Otherwise, the integrity of the pay band is compromised and the credibility of the entire salary structure is damaged. This tool calculates the transition costs of moving to a pay band structure by highlighting employees who are currently:
- Below a pay band.
- Above a pay band.
- In-range of the appropriate pay band.
Use this cost calculator to forecast the dollars needed to fully transition individual employees into new pay bands.