Question: Course: MGMT9800: Compensation Administration Topic: Market Pricing Task: Answer: Criteria for Market Comparator Job Selection (Step 4) References: Department of Employment and Social Development https://www.jobbank.gc.ca/explorecareers.do?selectExploreCareerBy=ec-wages

Course: MGMT9800: Compensation Administration

Topic: Market Pricing

Task:

Answer: Criteria for Market Comparator Job Selection (Step 4)

References:

Department of Employment and Social Development

https://www.jobbank.gc.ca/explorecareers.do?selectExploreCareerBy=ec-wages

Payscale

https://payscale.com/research/CA/Country=Canada/Salary

Glassdoor

https://glassdoor.ca/Salaries/canada

Indeed

https://www.indeed.ca/salaries?from=headercmplink&attributionid=HOMEPAGE

Course: MGMT9800: Compensation AdministrationTopic: Market PricingTask:Answer: Criteria for Market Comparator Job Selection

Step 1 - Select and list the benchmark jobs Step 2 - What are your criteria for selecting the benchmark jobs? Step 3 - Look for market comparator jobs using three different market pay data sources. Step 4 - What were your criteria for selecting the market comparator jobs Step 2 Answer: Criteria for Benchmark Job selection Job Title Mean Mean Mean Mean Salary/Hourly Salary/Hourly Salary/Hourly Salary/Hourh The criteria involved in selecting these positions for the benchmark job selection are as Wage - Wage - Payscale Wage - Wage - follows. VP of Operations was the highest paid position (or highest position on the pay Department of Glassdoor Indeed grade scale) available to choose from. Therefore, it was the right choice to include it to Employment and display the range between the top and bottom of the pay grade scale. Brewmaster was Social Development chosen because although at face value it is a labourer position, it is also a position that 1 VP of Operations $67.36/h $65.93 $57.69/h- $65.55/h requires specific technical/leadership skills. Thus, important to display as it is a position $140,115/y $137,142/y $BB.94/h $136,357/y that shares attributes of both management and labour. Human Resources Manager was $120,000- chosen as it is a position that is in between front line/administrative staff and upper $185,000/y management (VP's Directors, CEO's). Lastly, Events Coordinator, and Payroll Clerk were 2 Brew Master $47.60/h $28.27 $27/h-$29/h $24.65/h chosen as they are front line/administrative staff and although at the bottom of the pay $99,098/y $58,813/y $56,160/y- $51,290.50/y grade scale it is still important to open up their mean hourly wage/yearly salary to $60,320/y interpretation as to if it is liveable in comparison to the massive salaries/hourly wages of 3 Human $55.29/h $36.37/h $36.05/h- $39/h upper management. Resources $115,003.20/y $76,406/y $52.88 $81,133/y Manager $75,000/y- $110,000/y 4 Events $25.50/h $23.30/h $20.67/h- $25.77/h Step 4 Answer: Criteria for Market Comparator Job Selection Coordinator $53,040/y $48,469/y $25.48/h $53,616/y $43,000/y- $53,000/y 5 Payroll Clerk $28.57/h $21.67/h $19.23/h- $26.45/h ? ? ? $59,425.60/y $45,073.60 $24.03/h $55,020/y $40,000/y- $50,000/y Market Pay Data Sources (free internet) Department of Employment and Social Development https://www.jobbank.gc.ca/explorecareers.do?selectExploreCareerBy=ec-wages payscale https://payscale.com/research/CA/Country=Canada/Salary Glassdoor https://glassdoor.ca/salaries/canada Indeed https://www.indeed.ca/salaries? from=headercmplink&attributionid=HOMEPAGE

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