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What will your new plan look like in terms of mix

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Reference no: EM131908116

Assignment: Case Study: Phase two Designing Your Base Pay Program

Case Study - Zenith Medical Systems Incorporated

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.

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, including:

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 would you 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 would you price your grid, what issues would have to consider in terms of developing and implementing this method and what process would you 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:- Case_Study.rar

Verified Expert

The purpose of the paper was to find areas that may alter the current situation of Zenith Medical Systems Incorporated and provide the solutions. There was liberty to suggest organizational and structural changes as well and not keep the focus limited to the salary structure of the company. The paper would help to understand the reward structure changes that may help the employee satisfaction to improve and to give them the motivation to work better for the company. It would also benefit the management to assess whether any of the structural reforms, as suggested would be actually help the company in the long run and if decided so, make the implementations accordingly.

Reference no: EM131908116

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Reviews

len1908116

3/20/2018 5:29:08 AM

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. > Submit your report through the dropbox in UM Learn for Assignment 2. > Your assignment must be submitted by the deadline date. Grading You will be assessed in accordance with following rubric: 9 or 10(10 Exceptional > Quality of discussion expresses insightfulness and depth of understanding of course content. > Articulately explains ideas and opinions. > Free of spelling and grammar errors. 8110 Excellent > Correctly relates course concepts within paper.

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