Pay Structure Paper

Anonymous
timer Asked: Oct 21st, 2016

Question description

Hello, please read the SHRM Case Study and Integrated Application Exercises: Designing A Pay Structure workbook and review the Designing a Pay Structure template.

In this workshop, for the written assignment, you will complete the tasks that are listed in the SHRM case study, placing your responses in the appropriate section of the template:

Introduction.

Task A(1): Create a complete one-page job description for the Benefits Manager position using O*Net. Place the completed job description in Appendix A of the paper.

Task A(2): Identify compensable factors and define degrees for each.

Task B: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide rationale for assigning specific degrees to the various jobs.

Task C(1): If there were any outliers (i.e., extreme data points) in these data, what would you recommend doing with them? [From this point forward, assume no extreme data points exist in the dataset.]

Task C(2): Calculate the weighted means (for base pay) for each benchmark job.

Task D: Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points (on the X axis) and the respective weighted average base pay (on the Y axis) for each benchmark job.

Task E: What is your R squared (variance explained)? Is it sufficient to proceed?

Task F: Calculate the predicted base pay for each benchmark job.

Task G: Because your company wants to lead in base pay by 3 percent, adjust the predicted pay rates to determine the base pay rate you will offer for each benchmark job.

Task H: Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobs to form a grade.

Task I: Use your answer to Task H to determine the pay range (i.e., minimum, midpoint, and maximum) for each pay grade.

Task J: Given the pay structure you have generated, consider the following:

Does this pay structure make good business sense?

Do you think it is consistent with the organization’s business strategy?

What are the implications of this pay structure for other HR systems, such as retention and recruiting?

Answers must be substantive to include theory and application. See the grading rubric for assignment expectations and scoring.

Before submitting this assignment, thoroughly edit the written paper for APA formatting and mechanics. Checkmark the SHRM case study tasks, instructions of this workshop document, and the rubric for this assignment to be sure that your paper has met all requirements.

9 hours ago


Tutor Answer

(Top Tutor) Studypool Tutor
School: UC Berkeley
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors