Question: Task H: Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why

Task H: Create pay grades by combining any 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.
The final step to designing the pay structure is to set the pay ranges for each pay grade. Pay ranges create upper and lower pay
rates (on the Y axis) for each job in the pay grade. Each pay grade will have a minimum and maximum pay rate. It is important to
remember that all jobs in a pay grade will have the same minimum and maximum pay rates.
Percent guidelines are used to determine how far above and below the midpoint the pay range will reach. For example, the
maximum might be 10 percent above the midpoint and the minimum might be 10 percent below the midpoint.
The percent guidelines, based on input from the job evaluation committee, are:
Clerical and office positions: 10 percent above and below the midpoint.
Entry to mid-level professional and management positions: 30 percent above and below the midpoint.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!