The importance of compensation varies depending on the viewpoint, as stated by Barry Gerhart and Jerry Newman in Compensation. Society
views compensation as a measure of justice; managers may view
compensation as a major expense or a motivator; employees view
compensation as an entitlement or as an incentive. Regardless of the
viewpoint, fairness and equity are essential. Compensation must also be
up-to-date, competitive in the market, and easy to understand.
Aligned pay structures support the way the work gets done, fit the
organizations business strategy, and are fair to employees.
Organizations typically task an in-house human resource (HR)
professional or hire an HR consultant to create and maintain the
companys pay structure.
Prompt
In Milestone One, you will address the internal consistency component
of a pay structure using the specially designed case scenario. Read the
Final Project Case Study (linked to in your course) for detailed
information on the requirements for this project.
Specifically, you must address the critical elements listed below.
Internal Consistency:
Create complete job s for the benefits manager and production worker position using O*NET.
Note: There may be several versions of these positions on O*NET. You
should create personalized job s that are tailored to the
company.
Calculate the job evaluation points for the
administrative assistant, operations analyst, production worker, and
benefits manager jobs. Provide a rationale for assigning specific
weights and degrees to the various jobs. Use the job s you
created in section one, as well as the job s in Appendix A of
the final project case study, as a reference. Note: The weights, broken
down by the compensable factors, must total 100%.
Create job families for all the roles at the
Rockville location. The families may be illustrated in a table or bullet
format. List positions within each family based on the difficulty
level. Provide a rationale for why jobs were assigned to the various
families.
What to Submit
Your final project will be a Word document, approximately 59 pages
in length (plus a cover page and references) and must be written in APA
format. Your Word document may include Word tables, Word lists, Excel
screenshots, and rationale in written paragraphs. Use double spacing,
12-point Times New Roman font, and one-inch margins.
