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The Pay Factors (F.A.I.R.) have been established by OSHR for equal consideration of salary adjustments.
Funding Source
- The amount of funding that a manager or organization has available when making pay decisions
Appropriate Market Rate
- The market rate applicable to the functional competencies demonstrated by the employee
- Journey market rate guidelines/market reference rate guidelines and related market information
- Market dynamics
Internal Pay Alignment
- The consistent alignment of salaries among employees who demonstrate similar required competencies in the same banded class within a work unit or organization
- Internal pay alignment (equity)
- Current salary and total compensation
Required Competencies
- The functional competencies and associated levels that are required based on organizational business need and subsequently demonstrated on the job by the employee
- Minimum qualifications for class
- Knowledge, skills, and abilities
- Related education and experience
- Duties and responsibilities
- Training, certifications, and licenses