Compensation and Benefits Plan
Compensation and Benefits Plan
November 20, 2011
Compensation and Benefits Plan In this submission Learning Team B (LTB) supports and expands on one team member’s proposal to add a school psychologist at Manzano Day School in Albuquerque, New Mexico to fill an operational gap. LTB outlines a proposal for compensation and benefits plan that meets the needs of the employee and the organization. Specifically, the proposal recommends and justifies an approach for direct pay, incentives, security and health benefits, pay for time not worked, and employee services; moreover, it identifies any obstacles or potential resistant in implementing each recommended approach.
Direct Pay When developing a set salaray for the position of School Pshcycologist at Monzano Day school. One must consider the demographics and comparison of other schools in the area. For many years New Mexico public schools have been ranked worst in the country as a result of over crowding, lack of funding, lack of staff, lack of resources and corupt behavior. When comparing the pay scale for a school psychologist working for the Albuquerque Public School(APS) system an individual with a PhD.in Pschology starts at an annual salary of $54,000 (www.aps.edu/human-resources/salary-schedules/salaries/a4-salary-schedule) which is based on a 208 days (8hrs/day) work schedule and then is adjusted according to years of experience and other skills according to a grade step in pay. Manzano Day School would match the same payscale and grading as the public schools offer, in addition to non quanitative incentives as small classroom sizes, multitude of resources, adaquate funding for education and a strong support from the community, board of directors and administration.
Incentives
Nonprofit organizational goals differ from for-profit firms and require different types of leaders and reward systems. Inability to distribute profits prohibits profit sharing, gain sharing, and stock-ownership
November 20, 2011
Compensation and Benefits Plan In this submission Learning Team B (LTB) supports and expands on one team member’s proposal to add a school psychologist at Manzano Day School in Albuquerque, New Mexico to fill an operational gap. LTB outlines a proposal for compensation and benefits plan that meets the needs of the employee and the organization. Specifically, the proposal recommends and justifies an approach for direct pay, incentives, security and health benefits, pay for time not worked, and employee services; moreover, it identifies any obstacles or potential resistant in implementing each recommended approach.
Direct Pay When developing a set salaray for the position of School Pshcycologist at Monzano Day school. One must consider the demographics and comparison of other schools in the area. For many years New Mexico public schools have been ranked worst in the country as a result of over crowding, lack of funding, lack of staff, lack of resources and corupt behavior. When comparing the pay scale for a school psychologist working for the Albuquerque Public School(APS) system an individual with a PhD.in Pschology starts at an annual salary of $54,000 (www.aps.edu/human-resources/salary-schedules/salaries/a4-salary-schedule) which is based on a 208 days (8hrs/day) work schedule and then is adjusted according to years of experience and other skills according to a grade step in pay. Manzano Day School would match the same payscale and grading as the public schools offer, in addition to non quanitative incentives as small classroom sizes, multitude of resources, adaquate funding for education and a strong support from the community, board of directors and administration.
Incentives
Nonprofit organizational goals differ from for-profit firms and require different types of leaders and reward systems. Inability to distribute profits prohibits profit sharing, gain sharing, and stock-ownership
References: Bregn, K. (2010). The Logic of the New Pay Systems Revisited-in the Light of Experimental and Behavioral Economics. International Journal Of Public Administration, 33(4), 161-168. doi:10.1080/01900690903304175 Bureau of Labor Statistics (2011), Employee Benefits in the United States, Retrieved November 17, 2011 from http://www.bls.gov/news.release/ebs2.nr0.htm Cascio, W. F. (2010). Managing human resources: Productivity, quality of work life, profits (8th ed.) Roomkin, M. J., & Weisbrod, B. A. (1999). Managerial Compensation and Incentives in For-Profit and Nonprofit Hospitals. Journal Of Law, Economics, & Organization, 15(3), 750-781. Shriberg, D., Satchwell, M., McArdle, L., & James, J. (2010). An Exploration of School Psychologists ' Beliefs About Effective Leadership Practice in School Psychology. School Psychology Forum, 4(4), 8-21.