Question: Case Designing a Pay structure In your role as the company s HR manager you are expected to set up a pay structure for the
Case Designing a Pay structure
In your role as the companys HR manager you are expected to set up a pay structure for the companys expansion in Chattanooga, Tenn. This is accomplished in the following manner.
A Create a complete job description for the benefits manager position using ONet and any additional sources. Points
B I 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 various jobs. Points
B II Produce a degree key so that the assignment of degrees to various jobs is clearly thought out and applied consistently. Points added requirement
C If there were any outliers ie: Extreme data points in these data, what would you recommend doing with them? From this point forward assume no extreme data points exist in the dataset. Points
D Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points X Axis and the respective weighted average market base pay Y axis for each benchmark job. Points
E What is your R squared Variance explained Is it enough to proceed? Points
F Calculate the predicted base pay for each benchmark Job Points
G Because your company wants to lead in base pay by adjust the predicted pay rates to determine the base pay rate you will offer for each benchmark job. Points
H Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined and benchmark jobs to form a grade. Points
I. Use your answer in H to determine the pay range Ie minimum and maximum for each pay grade. Points
J Given the pay structure you have generated, consider the following:
JI Does this pay structure make good business sense? Do you think it is consistent with the organizations business strategy? Points
JII What are the implications of this pay structure for other HR systems, such as retention and recruiting? Points
K Overall professionalism of written proposal editing typos, Composition Points
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