Question: Develop a Pay Structure: Explanation in detail how you developed your pay structure ( this is the most time - consuming part of Phase II

Develop a Pay Structure: Explanation in detail how you developed your pay structure (this is the most time-consuming part of Phase II).
Explain each step involved in determining your job worth hierarchy (internal alignment), including job analysis, job descriptions ,job evaluation
Explain how did you evaluated the worth of jobs in the company (job evaluation) what method did you use
Explain what market data did you used and why (what's this called?)
Explain how did you mapped the company's jobs to the jobs in the market data
Explain what data did you used and how you started to build your pay structure (think about the process of building the first pay structure and explain what data you used and the steps to developing the midpoint); describe and show the process and math for developing one pay grade )don't show them all, just show one pay grade so I know you understand how to do this)
Explain aging the data and why it's important
Explain how did you calculated the midpoints, minimums and maximums
Explain how you applied range widths, what range widths are and why you used the range widths you did
Explain how did you aged the market data and why is this important
Discuss how you determined the pay grade for jobs that had no market data
Discuss any jobs that might have titles that aren't aligned with the job duties and how you determined where they fit in the pay structure and what the proper benchmark job title might be more aligned with the job responsibilities

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