Remuneration Audits are typically requested by organisations to determine anomalies with regard to internal management of salaries, resulting in equity issues with regard to remuneration packages.
The analysis of remuneration data for any discriminatory practices/anomalies typically happens in the following areas or any areas in which the organisation is feeling pressure:
- Grade levels;
- Experience within the current role &
- Job Title.
Utilising a third party to conduct a remuneration audit lends credibility to the process, thereby mitigating any perceptions around bias or fairness.