In your final project you will be designing a pay structure based on the final project case study you have been reviewing throughout the course and utilizing with your milestone activities.

Specifically, you must address the critical elements listed below.

Internal Consistency:

Create complete job descriptions for the benefits manager and production worker position using O$*$NET $($see Module Three Reading and Resources area$).$ Note: There may be several versions of these positions on O$*$NET$.$ You should create personalized job descriptions 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 descriptions you created in section one, as well as the job descriptions in Appendix A of the final project case study, as a reference.

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.

External Competitiveness:

Calculate the weighted means of base pay for each of the benchmark jobs $($administrative assistant, operations analyst, production worker, and benefits manager$)$ from the six companies listed in Appendix B of the final project case study.

Calculate the predicted base pay for each of the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits manager.

Create a market pay line using the following benchmark jobs: administrative assistant, operations analyst, production worker, and benefits manager. Clearly label your job evaluation points and salaries.

Calculate the adjusted pay rates for each benchmark job based on your company$$s decision to lead in base pay by $3\%.$

Create pay grades by combining benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobs to form a grade.

Create pay ranges including minimum and maximum for each of the pay grades based on pay grades created in item E above.

Pay Mix: $($Note: This is a new section that was not completed in the milestone projects. This must be completed prior to Final Project submission.$)$ Your $1-2$ Assignment: New Compensation System will provide some insight into elements of a pay mix and how those components complement the compensation package.

A pay mix is a company$$s relative distribution of compensation components such as base pay, merit, incentives, benefits, etc., as described by Barry Gerhart and Jerry Newman in Compensation. Different job grades may have different pay mixes. For example, executives often have a higher percentage of long$-$term incentives. Pay mixes are often illustrated in a pie chart.

Create a pay mix for each job family, illustrated in a pie chart. Provide rationale for each pay mix connecting your decision to the company$$s strategic goals. In addition, provide at least three examples of employee benefits you recommend the company propose in their total compensation package. Below is an example of pay mix pie chart. Note: Numbers used are not from the data in this case study.

Sample pie chart showing pay mix that includes base pay, benefits, short$-$term incentives, and long$-$term incentives.

Milestones

Milestone One: Internal Consistency

In Module Three, you will submit the internal consistency section of the final project that includes job descriptions, job evaluations, and job families. This milestone will be graded with the Milestone One Rubric.

Milestone Two: External Competitiveness

In Module Five you will submit external competitiveness section of the final project that includes weighted means, predicted base pay, market pay line, adjusted pay rates, pay grades, and pay ranges. This milestone will be graded with the Milestone Two Rubric.

Final Submission: Designed Pay Structure

In Module Seven, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. Note: The final project includes a new section on pay mix which also needs to be completed prior to submission. Refer to the III. Pay Mix section in the project prompt above, as well as your work on the $1-2$ Assignment: New Compensation System. This submission will be graded with the Final Project Rubric.

What to Submit