Identify the ranking order of the jobs in the business

Assignment Help Business Management

Reference no: EM133650696

Homework: Strategic Human Management

Case Study on Creating a Wage and Salary Pay Grade System

This homework will involve the creation of a simple wage and salary program. You will complete this homework utilizing Excel. You will find the grading rubric for this homework following the case study.

Case Study:

This organization has 10 different positions; due to the lack of having an HR professional who understands compensation issues, it is without any salary structure for the employees.

The job titles are:

1. Operator
2. Mechanic
3. Electrician
4. Supervisor
5. Administrative Assistant
6. Sales Professional
7. Sales Manager
8. HR Manager
9. Operations Manager
10. President

Your task is to identify the ranking order of these jobs in the business based on least to most value to the organization.

This is accomplished by the following:

A. You will need to do some research at salary.com and benchmark these positions using regional data or national data and rank the salaries of the employees.

B. You can use an objective point system to assign points, using compensable factors for the jobs as well.

C. Next, you will tally the points for each position and assign these jobs to specific pay grades.

Now you have created an example of how a compensation professional creates pay grades for internal consistency and external competitiveness.

Reference no: EM133650696

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