Evaluate the success of your compensation plans

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Reference no: EM133523544

Assignment:

Phase I: For this phase, each individual position will need to be analyzed using FLSA standards to determine whether they are exempt or non-exempt positions based. *Note: You will need to include your justification and related support/research for whichever status is determined, including types of exempt classifications (if applicable).

Phase II: Based on research on comparable positions, determine a pay range for each of the jobs or groups of jobs. Once this is established, you will need to determine what your compensation philosophy is (i.e., will there be base and variable pay, and if so, at what levels? are you hoping to hire at the low, middle, or high end of the pay range and what are implications for doing so?).

Phase III: Identify how you will evaluate the success of your compensation plans, including both quantitative and qualitative measures.

Reference no: EM133523544

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