Missing justification of the pay ranges which are exempt/non-exempt and why. How do you use market comparison to establish pay ranges and why does it fit perfectly to this case? How would you like that represent this from the below case into a powerpnt.

 

• There is a need to develop pay grades and ranges. This will create value for each job and ways to manage employee pay effectively. Pay grades particularly are a grouping of relatively similar internal jobs whereas the pay ranges are the upper and lower limits of the compensation. The pay grade is influenced by the organization's size, the space between the top and bottom job, the job description, and the promotion policies. The proposed pay grades include 4 pay levels. 
 
• *Job grades and pay range/structure creation can help provide clarity and consistency to the company's salary and compensation system. It is essential to develop a pay structure based on job grades that accurately reflects the different levels of responsibility and skills required for each job role. The company can use market data to determine the appropriate pay range for each job grade to ensure that it is competitive with other companies in the industry.
• Why is it 4 levels? Explain?

Pay Grades and Pay Ranges

• The highest level is pay grade 1which is the president of the company. Explain why is it level 1?
• The pay grade 2is constituted of administrative assistant and human resource, administration, marketing, manufacturing, warehouse managers, and chief financial officer. Explain?
• Pay grade 3constitutes product designer, sales, database manager, crating supervisor, purchasing manager, manufacturing supervisor, and production scheduling supervisor. Explain?
• The pay grade 4 is the receptionist, corporate accounting, corporate services, customer service, new product development, preprocessing, assembly, finishing, receiving, crafting, and finished goods. Explain?

--With the pay grades set, the pay ranges can be identified. The pay ranges are the bottom-to-top limits of pay within a certain pay grade. The pay ranges will be influenced by the various skills that an employee possesses. Employees working within the same pay grade but having different qualifications academically and other qualifications. The proposed pay ranges for the different grades include:

• Pay Grade 1: $125,000- $150,000
• Pay Grade 2: $70,000- $120,000
• Pay Grade 3: $45,000- $65,000
• Pay Grade 4: $22,000- $40,000

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ANSWER PowerPoint Presentation Pay Grades and Pay Ranges Slide 1 Introduction Title Developing Pay Grades and Ranges Subtitle Creating Value and Manag... View the full answer