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assignment for HR Management course paper writing service

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assignment for HR Management course paper writing service

Please help me do this assignment for HR Management course. This assignment is about a Market-Competitive pay plan which I really do not understand. The professor needs us to follow 16 steps to make a pay table which based on the 5 factors. I will upload the instruction which is 16 steps and the example of factor table in my account which you need to do the it as well but I do not know where you can get those number from because those numbers are just an example from the textbook. The factors that you will use, I already wrote them down in the instruction page and please explain how you choose that benchmark job to make a pay table. I hope you understand and can do it. Thank you very much and please feel free to ask if you have any questions.

Sixteen Steps Activities
 

 

1. Ch e Benchmark Jobs

Ex     1o.V  how   I<JI.A GVoose

  

Benchmark jobs are representative of the entire range of jobs the employer needs to evaluate.
                           I

 

Select Compensable Factors

  

Compensable factors may include skill,mental and physical efforts, responsibility,and work conditions.
 

3. Assign Weights to

Compensable Factors

  

The weight of each compensable factor, the total wei  jlt should be

100%.
 

4.Convert Percentages to

Points for Each Factor

  

If the totalnumber of points is 1,000 and the weight of skill of the job is
 

5.Define Each Factor’s Degree

  

Split each factor into  5 degrees and define the degrees

Job complexity 600,Effort 30,and Working condition 100
 

6.Determine for Each Factor         –

Its Facto Degrees Points

  

Choose the degree of each factor: For example,                               ‘

Complexity 360,Effort 60,and Working Conditions 100
 

7. Review Job Descriptions and

Job Specifications

  

Reviewers can understand the jobs in terms of job descriptions and job specifications
 

8. Evaluate the Jobs

  

The total number of points: 520 of 1,000 (= 360 + 60 + 100)
 

9. Draw the Current (Internal) Wage Curve

  

Internal Wage Curve:

Y =Average internal Pay Rates;X= Jobs’ Point Value
 

10. Conduct a Market Analysis: Salary Surveys

  

*Employer use salary surveys to price benchmark jobs.

*They use the price for pay levels and benefits.
 

11.Draw the market (External) Wage Curve

  

External Wage Curve:

Y =Average external Pay Rates; X= Jobs’ Point Value
12. Compare and Adjust Current and

Market Wage Rates for Jobs

  

Compare the slopes,and adjust to market wage rates for jobs.
 

13. Develop Pay Grades

 Employers group similar jobs (in terms of points) into grades for pay purposes. Determine the number of pay grades.
 

14. Establish Rate Ranges

  

Refer to Table below
 

15. Address Remaining Jobs

  

Add our remaining jobs to the wage structure.
 

16. Correct Out-of-Line Rates

  

Raise wages for Underpaid jobs.

 

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