The employer would like your advice on appropriate compensation for the job you selected. Use the job description you prepared for this course as the basis for this assignment. Objectives: . . . Obtain relevant pay data for a job from several sources. Display the pay data in a way that is useful for comparison. Provide information about aspects of total compensation for the position. Assignment steps: Identify several potential sources for pay data. For example, the textbook mentions O'Net (from the Department of Labor); salary.com is another useful source. 1. Using the job description you wrote, look for comparable jobs in published pay surveys (ones you identified for this assignment. Job titles may not be identical, but the job content should be similar (again, not always 100% identical) . Example: Your job title might be Entry-Level Accountant. At another company, the title might be Accountant 1. Match up job content and experience. 2. Make sure that you identify at least three different sources for comparative pay data. Example: bls.com, IISE, Glassdoor.com, a company website, and salary.com. [Caution: Do not provide three different job titles from the same source] 3. For each source of pay data, gather the following data (or as much as you can obtain): Job title . Indicate whether the form of pay data is presented as an hourly rate, a weekly rate, monthly rate, or annual. . Minimum pay (or 10th percentile, or 25th percentile, or whatever is provided-indicate which percentile) Average and/or mdian pay (indicate which one) Maximum (on 90th percentile or 75th percentile, or whatever is provided-indicate which percentile) Source of the survey (What organization sponsored the survey) and any addresses or website address (and date you retrieved the data) Date when survey was conducted/data gathered Any information about other aspects of total compensation such as benefits 4. Job comparisons. In a separate paragraph, comment about how similar or different the job you found is from the one you wrote the job description. Note if there are multiple levels for the job; for example, you might find Engineer I, Engineer II, Engineer III. In this case, you have to figure out which one fits better. 5. Pay survey comments. In a separate paragraph and using a chart (see suggested chart below), comment on the similarities and differences in the pay survey data from the three sources you used. 6. Benefits options. Finally, after looking at a minimum of two company websites (companies that would have jobs such as the one you described), create a list of potential employee benefits that you might expect to find as part of a total compensation package for the job. Cite the sources used (required). The following is a suggested format for displaying the pay data. Your Name: Job Title from Job Description: Job title from survey Form of pay data (hourly, weekly, monthly, annual) Minimum pay $ Percentile of minimum pay Average or median pay $ Maximum pay $ Percentile of maximum pay Source of pay data Date of pay survey Date you obtained the pay data Any additional information about pay and/or benefits Job Comparisons: Pay Survey Comments: Potential Employee Benefits Package Sources for Potential Employee Benefits