You have been hired by an insurance company to design a flexible, overlapping salary structure for managerial staff with a job classification ranging from MS1to MS 8. The organisation has provided you with the following details: 

i. A competitive pay of GHS650 for MS1 

ii. Performance-based pay adjustment of 12% per annum 

iii. Minimum-midpoint differentials of 54% 

iv. Midpoint-maximum differentials of 78% On the basis of the data provided; 

a. Develop a salary structure for your clients. 

b. Determine the minimum learning periods for a new entrant to perform at an acceptable level. 

c. Determine the maximum learning periods for a totally acceptable performer to perform at an optimal level

Answer rating: 100% (QA)

a MS1 GHS 650 MS2 GHS 728 MS3 GHS 816 MS4 GHS 914 MS5 GHS 1024 MS6 GHS 1146 MS7 GHS 1282 MS8 GHS 1432 The proposed salary structure is designed to be ... View the full answer