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Develop a total compensation strategy for an organization

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Reference no: EM132424756

Purpose
Continuing with the case study approach, you will be given an opportunity to demonstrate your ability to develop a total compensation strategy for an organization and specifically outline their approach to determining base pay.

Case - Duplox Copiers Canada Limited

How to Proceed
You will continue to work with the case study from the previous assignment to complete the assignment. Building on your analysis in Assignment 1, develop your total compensation strategy, and include these elements:

1. What will your new plan look like in terms of mix (base pay, performance pay, indirect pay)? Will all jobs have the same mix or will some jobs have a different mix? If different, why?

2. What will be your compensation strategy relative to market (i.e., lead, lag, match) and why?

3. How will you determine base pay (i.e., market pricing, job evaluation, pay for knowledge etc.) and why did you choose this method? Will you use the same method for all jobs or different methods for different jobs? Why or why not?

4. Explain the steps you would go through to implement your chosen method. For example:

a. If you choose job evaluation, explain which method would you use, the compensable factors you would measure, any factor weighting you would apply, and the process you would follow from job analysis through to the rating process.

b. If you choose market pricing, identify who your market comparator firms are and why you choose them, how many firms you would survey, how you would obtain the information needed, how you would analyze the data (means, medians, weighted averages, quartiles), and the process you would follow from job analysis through to developing a market pay line.

c. If you choose pay for knowledge, identify the skill blocks you have chosen, how you would price your grid, what issues you would have to consider in terms of developing and implementing this method and what process you would follow from job analysis to the final grid development.

Format
- Your report should be no more than 1500 words in length, 1.5 spaced, using a 12-point font.
- It is permissible to break your report down using the questions listed above as headings.

Attachment:- Duplox Copiers Canada Limited - Case_Study.rar

Verified Expert

In the solution, we have carried out a detailed analysis of the determinants that are essential in the elaboration of the components of the base pay. There is an elaboration on the different factors that are essential to be considered. There is a need for detail orientation in the task as there are propensities of the performance that are based on the task. It is discussed in the document that how the factors that are involved in the determination of the payment would influence the efficiency of the task. There is a discussion that is based on the method of elaboration and the tasks that are essential to consider in case of the elaboration.

Reference no: EM132424756

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Reviews

len2424756

12/28/2019 1:19:24 AM

1500 must be followed 250 words per page and total 6 page Please try to use only Canadian references This is ebook for referenceThis assignment is continue part of assignment 1 i have attached assignment 1 Should not be more and less than 1500 words Try to write question first and then give answer Also breakdown answer into points...that'll be great

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