6–8 slides with speaker notes of 200–250 words per slide (excluding title and reference slides)

timer Asked: Jan 17th, 2018
account_balance_wallet $15

Question Description

Determining the value of work is critical to setting pay rates. After the job analysis and writing the job description, the human resources compensation specialist determines the process to apply to perform the job evaluation and compensation.

Develop a presentation that addresses the following for setting a final pay range for a position:

  • Explain the factors used in job pricing.
  • What are compensable factors, and how are they applied in determining pay ranges?
  • Discuss the point and job content methods, and give an example of how each is applied in determining compensation.
  • What would you recommend an organization use to define compensation for a customer service representative?

Tutor Answer

School: Carnegie Mellon University



Factors used in job pricing
■ Employer Industry/Market Focus: the market focus is
one of the prudent factors that are used for job pricing..
■ Job classification: in a number of organizations, it works
very well with Human Resource as well as the
compensation professionals who set salary variations
for positions always seek to fill up..
■ Job experience: this is seen within closer of documentation that
is determined by experience to the type of knowledge and skills
an employer is looking to acquire

Factors used in job pricing (Cont)
■ Location: Geography is a key factor which plays an amazing responsibility in rates of
■ Salary History: this is an amount of money one u...

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