Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The most effective compensation strategy is one that develops a clear link between the following components:

Job Description (i.e., work that an employee is expected to perform).
Performance Evaluation (i.e., work that the employee has performed).
External Salary Survey and Internal Salary Comparison (i.e., pay provided to each employee).

Examine the interrelationship between these three components by describing the purpose of each component and how it affects the others. Then explain how all three components would be used to determine the compensation for an employee. Your examination should include a salary evaluation for a position you are familiar with (Administrative Assistant, Human Resource Manager, Maintenance Worker, etc). The salary evaluation should give results for each of the three components and detail how pay is finally determined for this position based on the three components.
Example of the salary evaluation portion of your analysis:

Purchasing Manager.

Primary functions from the Job Description: To plan, direct, and coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products and services.
Organizational performance evaluation system:

Outstanding - 6% Increase
Exceeds expectations - 4% Increase
Meets expectations - 2% Increase
Does not meet expectations - No Increase

External Salary Survey: (salary survey, which you can typically obtain online) Monthly salary range at $4,300 - $5,200.

I really need some help with this paper;

Internal Salary Comparison: (the relationship of this position to similar positions in your organization) Position is similar to Accounting Manager, and should be paid within the same monthly salary range of $4,400 - $4,900.

Submit your analysis in a two- to three-page paper formatted to proper APA 6th Edition specifications. Include a minimum of two scholarly references to support your analysis.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9884712

Have any Question?


Related Questions in Business Management

The text discusses four types of The text discusses four types of communications Top-Down

The text discusses four types of communications Top-Down Bottom-Up  Horizontal  Grape-Vine Select one communication type that you think is most effective, and one that you think is the least effective in organizations an ...

Identify five sources of information that needs to be

Identify five sources of information that needs to be gathered to allow you to monitor whether or not each service has been properly delivered.

Ethical behavior is a critical element for the success of

Ethical behavior is a critical element for the success of any business and business manager. If you were tasked with writing a code of ethics for your company, what concepts would you include and why?

215 variablesassignments using math 2.15 Variables/Assignments: Using math functions

2.15 Variables/Assignments: Using math functions challenge activity 2.15.1: Using math functions. Reset Given three floating-point numbers x, y, and z, output x to the power of y, x to the power of (y to the power of z), ...

How would you describe quality and how is quality measured

How would you describe quality and how is quality measured in the restaurant industry? Are some measurements more useful than others? Explain.

When it comes to marketing research how can using primary

When it comes to marketing research, how can using primary and secondary data help you identify the right market segments, products and services?

Describe the proceduresguidelines used by hr to conduct a

Describe the procedures/guidelines used by HR to conduct a job evaluation.

Leadership theories can differ from one department to

Leadership theories can differ from one department to another, as well as from one specific team to another. How might this directly affect the staff within the department or team?

List some possible advantges and disadvantges to the

List some possible advantges and disadvantges to the strategy of locating a company such as turning technolgies outside high tech

Define the law of diminishing marginal utility explain two

Define the law of diminishing marginal utility. Explain two instances where the law of diminishing marginal utility applied to households. Give one example when the law of diminishing marginal utility failed for a consum ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As