Answer ONLY SECTION 1 d. and e., must review attached Wage survey in order to complete.
This is part of a group project. I am only responsible for d. and e. of Section 1. Please use attached Wage Survey to answer d. and e. of Section 1. After you review attached Wage Survey, 1.Define the external alignment of the organization’s compensation structure. 2. Give an overall conclusion of the survey. Must be answered separately. Use hay plan point method approach
Deliverable II: Compensation Structure
This is part of a group project to design a compensation structure project using the hay plan point method approach. See the course textbook (Milkovich, G. T., Newman, J. M., & Gerhart, B. A. (2017). Compensation (12th ed.). New York, NY: McGraw-Hill. ISBN: 9781259991851.) for additional details, instructions and information. Each group will submit each deliverable of the final project to the professor for scoring.
Section I
A. APA Title Page with group #, each group member’s name, and industry.
B. Summary of the decision making process (3–4 pages)—This must explain the ‘how’ and ‘why’ the team designed the structure details as is and will include the following:
a. Introduction—describe organization.
b. Describe the job analysis your team conducted.
c. Define the internal alignment of the organization’s compensation structure.
d. Define the external alignment of the organization’s compensation structure.
e. Conclusion.
Section II
C. Create and submit the job descriptions and Define Compensable factors.
Section III
D. Create the compensation structure utilizing the Hay Plan method and determination of Pay Levels using Microsoft Excel to include the benefit mix (total rewards).
Section IV
E. Overall Compensation Structure Formatting: Must include an APA title page and be free of grammar, spelling and/or punctuation issues.
Web Resources
p http://online.onetcenter.org
Compensation Website Resources
p http://highered.mcgraw-hill.com/sites/dl/free/0073530492/818053/Compensation_Websites.pdf
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