Reference no: EM132069969

Review the SHRM case,"Designing a Pay Structure."

Prepare an analysis of this case. The instructions are provided at the beginning of the case.

Your analysis of this case and your completed submission should reflect an understanding of the critical issues of the case, integrating the material covered in the text, and present concise and well-reasoned justifications for the stance that you take. This case analysis consists of Five Steps: Job Analysis, Job Evaluation, Pay Policy Identification, Pay Survey Analysis, and Pay Structure Creation. This case is to be completed using Excel.

Case analysis criteria: Your case analysis should consist of:

• Completion of Task A: Create a complete job description for the benefits manager position using O*NET.
• Completion of Task B: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide a rationale for assigning specific degrees to the various jobs.
• Completion of Task C: If there were any outliers (i.e., extreme data points) in these data, what would you recommend doing with them? [From this point forward, assume no extreme data points exist in the dataset.]
• Completion of Task D: Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points (on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job.
• Completion of Task E: What is your R squared (variance explained)? Is it sufficient to proceed?
• Completion of Task F: Calculate the predicted base pay for each benchmark job.
• Completion of Task G: Because your company wants to lead in base pay by 3 percent, adjust the predicted pay rates to determine the base pay rate you will offer for each benchmark job.
• Completion of Task H: 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
• Completion of Task I: Use your answer to Task H to determine the pay range (i.e., minimum and maximum) for each pay grade.
• Completion of Task J: Given the pay structure you have generated, consider the following: Does this pay structure make good business sense? Do you think it is consistent with the organization's business strategy? What are the implications of this pay structure for other HR systems, such as retention and recruiting?