Must be original, no plagiarism. Must have references and be marked in the body of the work. No Wikipedia.
The most effective compensation strategy is one that develops a
clear link between the following components:
Job Description (i.e.,
work that an employee is expected to perform).
(i.e., work that the employee has performed).
External Salary Survey
and Internal Salary Comparison (i.e., pay provided to each employee).
Examine the interrelationship between these three components by
describing the purpose of each component and how it affects the others. Then
explain how all three components would be used to determine the compensation
for an employee. Your examination should include a salary evaluation for a
position you are familiar with (Administrative Assistant, Human Resource
Manager, Maintenance Worker, etc). The salary evaluation should give results
for each of the three components and detail how pay is finally determined for
this position based on the three components.
Example of the salary evaluation portion of your analysis:
Primary functions from the Job Description: To plan, direct, and
coordinate the activities of buyers, purchasing officers, and related workers
involved in purchasing materials, products and services.
Organizational performance evaluation system:
Outstanding – 6%
Exceeds expectations – 4%
Meets expectations – 2%
Does not meet
expectations – No Increase
External Salary Survey:
(salary survey, which
you can typically obtain online) Monthly salary range at $4,300 - $5,200. Internal Salary Comparison:
(the relationship of this position to
similar positions in your organization) Position is similar to Accounting
Manager, and should be paid within the same monthly salary range of $4,400 -
Submit your analysis in a two- to three-page paper formatted to proper APA 6th
Edition specifications. Include a minimum of two scholarly references to
support your analysis.
Please review this grading rubic to assure all aspects of the paper have been met. week 3 grading rubic.docx