Individual Assignment: Pay Structure of ABC Inc. [15% marks) ABC Inc. is food packaging company operating in Brampton, ON. It employs about 500 employees in 30 job titles. Food packaging is very completive market and ABC competes with several local and provincial companies. Using point method, the company has just finished their job evaluation of all 30 jobs. They found that the lowest job evaluation point among all their jobs is 250 and the maximum is 1000. Susan, the HR manager (who is not very well trained in HR) of ABC Inc. contacted your group for help and advice. She wants you to do some calculation on the following and seek your advice. ABC Inc. usually follows match the market policy for their pay level. However, to minimize recent increase in employee turnover, Susan wants to fallow lead the market policy by 7% Based on the job evaluation points and market survey data, Susan has calculated their market pay regression line which is y = 13,000+62x. Now, you are to use this equation to fill in the following table by reflecting 706 increase in their pay policy line. (3 marks). Pay Job Evaluation Range Range Range Percent Grade Points Minimum Midpoint Maximum Above/Below Midpoint 1 250-299 1595 2 300-449 10% 3 450-599 209% 14 600-799 2598 800-1000 1095 Now, evaluate the above table Does the above pay structure look reasonable to you? Provide your comments on the construction of pay grades and pay ranges ass the above table. (4 marks} What suggestions you have for Susan to revise the above stru if any). Provide reasons for each of your suggestion (@ marks) Do you agree with the i of leading the market by 79% in their pay levels Why of why not? What alternative s estions yo make to Susana ( 4 marks Note: Make as propriate in responding to the above questions