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Examples of benchmark positions

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Question:

Your organization, a major retailer headquartered in Houston, Texas, has acquired a small fashion boutique headquartered in MontanafcxAZ. The new organization has many of the same positions as your organization but there are some differentials. As a compensation professional, you are charged with evaluating the positions in the new organization and integrating them into your salary structure. Your current organization uses a market pricing strategy; considering the steps in that process:

1) Give 3 examples of benchmark positions that your current organization and the new organization might have in common?

2) What would be the relevant market you should consider?

3) What would be the relevant industry segment?

4) Would you offer incentive compensation?

5) Once you've matched the new positions to survey data and determined base and incentive compensation medians, what will you then compare them to in the current organization?

6) Would you be able to defend your work to senior management?

7) How can you be sure the salary grades you recommend are "fair"?

5) Once you've matched the new positions to survey data and determined base and incentive compensation medians, what will you then compare them to in the current organization?

6) Would you be able to defend your work to senior management?

7) How can you be sure the salary grades you recommend are "fair"?

Reference no: EM132873941

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