Reference no: EM133030606

Problem:

To keep employees in the fulfillment centers engaged and satisfied, Amazon build a large and strong human resources team. Jobs in the fulfillment human resources team include not only traditional HR positions such as HR Specialist, HR Generalist, Recruiter, Compensation Manager, Employment Relations Manager, and HR Manager, but also positions that has developed within the past few years such as HR Business Partners, HR Program Manager, Learning Experience Manager, Software Development Engineer on HR and Workforce, Business Intelligence Manager,  Data Engineer, and Data Scientist on Labor Markets. In order to justify the existing compensation structure and to support future pay policy changes, fulfillment human resources team wants to start with a job evaluation process.  

1. Propose compensable factors for the point system, and the weight of each factor. Suppose the total weight is 100.
2. Conduct a simple regression in Excel with the job evaluation points and the market median base pay levels for the benchmark jobs in Table 1.  Write down the regression equation which shows the market pay line, and the adjusted pay policy line with a market lead policy (lead the market by 20%).

Table 1. Job evaluation points and market base pay level of benchmark jobs