Thank you very much. You did an excellent job on the power point presentation. Thanks!
This Competency Assessment assesses the following outcome(s):
GB520-3: Analyze Human Resource considerations to business decision making.
Review the SHRM case, Ã¢â‚¬Å“Designing a Pay Structure.Ã¢â‚¬Â
You will prepare the SHRM case analysis on Designing a Pay Structure which consists of your completion of Tasks A-J that simulates the creation of a compensation system for an organization in meeting its goals and supporting its mission. You are to complete this case analysis using Excel in a spreadsheet analysis format. In your analysis, respond to the following TASKS found in the case study.
Your case analysis should consist of:
Task A: Create a complete job description for the Benefits Manager position using O*NET.
Task B: Calculate the job evaluation points for the administrative assistant, payroll assistant, operational analyst, and benefits manager jobs. Provide a rationale for assigning specific degrees to the various jobs.
Task C: If there were any outliers (i.e., extreme data points) in these data, what would you recommend doing with them? From this point forward, assume no extreme data points exist in the dataset. Second, calculate the weighted means (for base pay) for each benchmark job.
Task D: Conduct a simple regression in Excel to create a market pay line by entering the job evaluation points (on the X axis) and the respective weighted average market base pay (on the Y axis) for each benchmark job.
Task E: What is your R squared (variance explained)? Is it sufficient to proceed?
Task F: Calculate the predicted base pay for each benchmark job.
Task G: Because your company wants to lead in base pay by 3 %, adjust the predicted pay rates to determine the base pay rate you will offer for each benchmark job.
Task H: Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes. Clearly label your pay grades and explain why you combined any benchmark jobs to form a grade.
Task I: Use your answer to Task H to determine the pay range (i.e., minimum and maximum) for each pay grade.
Task J: Given the pay structure you have generated, consider the following: Does this pay structure make good business sense? Do you think it is consistent with the organizationÃ¢â‚¬â„¢s business strategy? What are the implications of this pay structure for other HR systems, such as retention and recruiting?
Your analysis of this case and your written submission should reflect an understanding of the critical issues of the case, integrating the material covered in the text, and present concise and well-reasoned justifications for the stance that you take. You are to complete this case analysis using Excel in a spreadsheet analysis format.
Case analysis tips: Avoid common errors in case analyses, such as:
Ã¢â€”Â Focusing too heavily on minor issues.
Ã¢â€”Â Lamenting because of insufficient data in the case and ignoring creative alternatives.
Ã¢â€”Â Rehashing of case data Ã¢â‚¬â€ you should assume the reader knows the case.
Ã¢â€”Â Not appropriately evaluating the quality of the case’s data.
Ã¢â€”Â Obscuring the quantitative analysis or making it difficult to understand.
Typical Ã¢â‚¬Å“minus (Ã¢â‚¬â€œ)Ã¢â‚¬Â grades result from submissions that:
Ã¢â€”Â Are late.
Ã¢â€”Â Are not well integrated and lack clarity.
Ã¢â€”Â Do not address timing issues.
Ã¢â€”Â Do not recognize the cost implications or are not practical.
Ã¢â€”Â Get carried away with personal biases and are not pertinent to the key issues.
Ã¢â€”Â Are not thoroughly proofread and corrected.
Make sure your document includes:
Ã¢â‚¬Â¢ Your name
Ã¢â‚¬Â¢ Course name and section number
Ã¢â‚¬Â¢ Unit number
Ã¢â‚¬Â¢ Case name
Ã¢â‚¬Â¢ Page numbers
Create job descriptions for multiple jobs.
Conduct a regression analysis that results in a market pay line that supports the validity of the pay ranges in the case study.
Calculate the predicted base pay for each benchmark job.
Create pay grades by combining any benchmark jobs that are substantially comparable for pay purposes.
Make sure your document includes:
Minimum Submission Requirements
This Assessment should be a Microsoft Excel spreadsheet.
Your analysis must be written in Standard English and demonstrate exceptional content, organization, style, and grammar and mechanics.
Your analysis should provide a clearly established and sustained viewpoint and purpose.
A separate tab at the end of your spreadsheet analysis should contain a list of references, in APA format. Use your textbook, the Library, and the internet for research.
Be sure to cite both in-text and reference list citations were appropriate and reference all sources. Your sources and content should follow proper APA citation style. Review APA formatting and style resources found in the Writing Center accessed through the Academic Success Center within the Academic Tools area. (It should include a cover sheet, paper is double spaced, in Times New Roman 12-point font, correct citations, Standard English with no spelling or punctuation errors, and correct references at the bottom of the last page.)
If work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned without being scored.
Plagiarism is an act of academic dishonesty. It violates the University Honor Code, and the offense is subject to disciplinary action. You are expected to be the sole author of your work. Use of another person’s work or ideas must be accompanied by specific citations and references. Whether the action is intentional or not, it still constitutes plagiarism.
For more information on the UniversityÃ¢â‚¬â„¢s plagiarism policy, refer to the current University Catalog.
Directions for Submitting Your Assessment
Before you submit your Assessment, you should save your work on your computer in a location and with a name that you will remember.
Ensure your Assessment is in a Microsoft Office-compatible format (.xlxs or .xls).
Submit your completed Assessment to the Competency Assessment Dropbox.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more