Siemens Energy has undertaken a comprehensive reassessment of all positions in the company, starting with 5,800 positions and now extending to 55,000. As part of this review, the company has received an HR Excellence Award for its innovative approach to automated job evaluation and benchmarking. The aim of this exercise is to ensure that Siemens Energy’s compensation and benefits packages are competitive in the market and reflect the true value of each role within the organization. By comparing market compensation with internal compensation, we can better understand how our pay structure stacks up against the competition. This initiative demonstrates Siemens Energy’s dedication to creating a positive and rewarding work environment for its employees, which will ultimately lead to increased job satisfaction and improved business performance.

In this presentation you will learn:

• How to conduct a comprehensive reassessment of all positions, reviewing 5,800 roles initially and expanding to 55,000 positions.
• How to implement an innovative approach to automated job evaluation and benchmarking, earning an HR Excellence Award for outstanding HR practices.
• How to ensure fair and competitive pay structures by comparing market compensation with internal compensation data, fostering a positive work environment and retaining top talent at Siemens Energy.