Designing Pay Levels Mix And Pay Structures Ppt

Provides the data for translating policy into pay levels pay mix and structures. To set the internal mix of pay forms relative to those paid by competitors 3.

Designing Pay Levels Mix And Pay Structures Baser Vtngcf Org

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Chapter 09 Managing Compensation

3discuss the importance of defining the relevant market in a pay survey.

Designing pay levels mix and pay structures ppt.

2 designing a base pay structure.
Discuss the importance of defining the external relevant labor market in a pay survey.
Designing a base pay structure 1 designing a base paystructure.

Pay in the forms of base bonus stock and benefits.
Explain how the market pay line combines internal job structure with external wage rates.
To establish or price the internal pay structure 4.

Designing pay structure levels and mix free download as powerpoint presentation ppt pdf file pdf text file txt or view presentation slides online.
For development of pay grades and salary structures 4.
2describe the purposes of a salary survey.

Very useful approach with organizations whos pay practices need to be very market focused and sensitive to the pay practices of others.
Risk the likely variability.
8 1 chapter 8 designing pay levels mix and pay structures 8 2 chapter topics major decisions specify competitive pay policy the purpose of a survey select relevant market competitors design the survey interpret survey results and construct a market line from policy to practice.

Leverage and capital structure.
Business risk and financial risk.
Designing pay levels mix and pay structures.

Once established relatively easy to maintain compared to other methods and requires limited if any input from external resources 5.
To estimate labour costs of product market competitors.
How much to pay based on overall movement of pay rates caused by competition in the market.

How to use local salary survey data a presentation to hracc april 10 chapter 11 and 14.
To adjust internal pay level in response to changing competitor pay rates 2.
Validates job evaluation results and establishes internal structures.

After determining internal equity relationships among jobs and.
Identifying competitive pay practices in the market place the next order of business is the design of a pay structure.
Designing pay levels mix and pay structure learning objectives 1.

Explain all of the steps in designing and administering a pay survey.
To analyze pay related problems 5.
Establish a pay policy line.

4explain the steps involved in designing a pay survey.
Chapter 8 designing pay levels mix and pay structures learning objectives 1identify the major decisions in establishing externally competitive pay.
The architects of the pay structure must.