Shrm case: “designing a pay structure

Your case analysis should consist of: Task A: Create a complete job description for the benefits manager position usingO*NET. Task B: Calculate the job evaluation points for the Front Desk Receptionist and benefitsmanager jobs. Provide a rationale for assigning specific degrees to the various jobs. Task C: If there were any outliers (i.e., extreme data points) in the data, what would yourecommend doing with them? From this point forward, assume no extreme data pointsexist in the dataset. Task D: Conduct a simple regression in Excel to create a market pay line by entering thejob evaluation points (on the X axis) and the respective weighted average market basepay (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%, adjust the predictedpay 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 substantiallycomparable for pay purposes. Clearly label your pay grades and explain why youcombined any benchmark jobs to form a grade. Task I: Use your answer to Task H to determine the pay range (i.e., minimum andmaximum) for each pay grade. Task J: Given the pay structure you have generated, consider the following: Does thispay structure make good business sense? Do you think it is consistent with theorganization’s business strategy? What are the implications of this pay structure for otherHR systems, such as retention and recruiting? Your analysis of this case and your written submission should reflect an understanding ofthe critical issues of the case, integrating the material covered in the text, and presentconcise and well-reasoned justifications for the stance that you take. You are to completethis case analysis using Excel in a spreadsheet analysis format.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *