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Method and apparatus for integrating competency measures in compensation decisions

  • US 6,338,042 B1
  • Filed: 07/10/1998
  • Issued: 01/08/2002
  • Est. Priority Date: 07/10/1998
  • Status: Expired due to Term
First Claim
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1. A computer-implemented method for automating compensation decisions, the computer-implemented method comprising:

  • obtaining indications of performance for a group of individuals, the individuals being associated with a common role, wherein the indications of performance are arranged to quantify the performance of the individuals with respect to the common role;

    obtaining distribution data, the distribution data being relevant to the common role;

    producing relative rankings for the group of individuals based at least in part upon the indications of performance, wherein producing the relative rankings includes analyzing the indications of performance;

    identifying a reference point in the relative rankings, the reference point being approximately a median ranking in the relative rankings, wherein the reference point is arranged to facilitate a comparison between the relative rankings and the distribution data;

    determining a suggested level of compensation for each individual in the group of individuals based on the comparison of the relative rankings to the distribution data; and

    generating a display, the display including a representation of the suggested level of compensation for each individual in the group of individuals.

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