Reference no: EM131230392 , Length: 6
Review the SHRM case, "Designing a Pay Structure."
Prepare a 4-6 page analysis.
TaskA: Create a complete job description for the Benefits Manager position using O*NET.
TaskB: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide a rationale for assigning specific degrees to the variousjobs.
TaskC: Ifthere were any outliers(i.e., extreme data points)in these data, whatwould you recommend doing with them? [From this pointforward, assume no extreme data points existin the dataset.]
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 market base pay (on the Y axis) for each benchmark job.
Task E: What is your R squared (variance explained)? Isitsufficient to proceed?
Task F: Calculate the predicted base pay for each benchmark job.
TaskG: Because your company wantsto lead in base pay by 3 percent, adjustthe predicted pay ratesto determine the base pay rate you will offerfor each benchmark job.
Task H: Create pay grades by combining any benchmark jobsthat are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobsto form a grade
Task I: Use your answer to Task H to determine the pay range (i.e., minimum and maximum) for each pay grade.
Task J:Given the pay structure you have generated, considerthe following:
» Does this pay structure make good businesssense? Do you think it is consistent with the organization's business strategy?
» What are the implications ofthis pay structure for other HR systems,such asretention and recruiting?
Attachment:- Designing a Pay Structure.rar
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