Question: Analyzing Compensation Plans

Develop a compensation plan for an organization that promotes both internal and external pay equity.

Assignment Outline for the information below which is gonna be a power presentation of 8 slides next week.

USE THIS INFORMATION FOR THE OUTLINE

Building on the knowledge you have gained in this course, you will be reviewing the compensation and benefit package offered by your organization. Create a presentation that addresses the following in your analysis:

• Review the type of job analysis used by your organization, and determine if it is effective. Then, evaluate whether other types of analyses would work better for the type of work performed in your organization.

• Discuss the methods of job evaluation your organization uses, and make any recommendations for improving the validity of the data gained from this evaluation.

• Analyze the process used to tie job descriptions to criteria for candidate selection, paying particular attention to the validity of the correlation between job tasks and candidate criteria.

• Review and recommend ways to improve the compensation structure to match the strategic targets for internal and external pay equity, rates, scales, and market position.