Case : COLGATE-PALMOLIVE: DETERMINING A SALARY OFFER

Questions:

Q1: What compensation philosophy and specific compensation strategies would you recommend for the Sri City plant?

Q2: (a)Considering the job description provided in the case (Exhibit 4), identify compensable factors for a point-based job evaluation point. Define each compensable factor.
(b) Determine an appropriate weight for each compensable factor. Explain the chosen weight.
(c) Develop a numerically scaled factor degree for each compensable factor.
(d) Evaluate the job descriptions provided in the case (Exhibit 4) using your point based evaluation plan, and develop a structure that clearly shows the hierarchies across all job families.

Q3: (a) For three specific positions- shift in charge (team leader), area leader of moulding, and operations manager- identify the appropriate level and position code using the Aon Hewitt Limited Framework (See the spreadsheet provided to you along with the case).

(b): For these three positions, determine pay level and pay ranges. Use total annual remuneration (with target variable pay) as the anchor value.

Q4: For each of the five candidates discussed in the case- Selvaraj, Neeraj, Ganesh, Venkat, and Nilesh- determine the appropriate compensation elements, according to the Colgate-Palmolive salary structure. In all cases, identify the benefits that can be offered to entice the candidates.

Answer rating: 100% (QA)

Q1 A compensation philosophy is simply a formal statement documenting the companys position about employee compensation It explains the why behind employee pay and creates a framework for consistency ... View the full answer