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The New Pay Plan
Problem 1: Is the company at the point where it should be setting up a formal salary structure based on a complete job evaluation? Why?
Problem 2: Is Jack Carter's policy of paying 10% more than the prevailing rates a sound one, and how could that be determined?
Problem 3: Similarly, is Carter's male-female differential wise? If not, why not?
Problem 4: Specifically, what would you suggest Jennifer do now with respect to her company's pay plan?
Question 1: Explain the factors used in job pricing. Question 2: What are compensable factors, and how are they applied in determining pay ranges?
To complete a comprehensive and current search of relevant articles, books, and other sources related to the subject of human resources/human capital metric.
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