Hr Practitioner Guide
Practitioner’s Guide to Total
Rewards and Compensation
By: Alix Echeverri
April 2013
Table of Contents Executive Summary 5 1. Job Analysis 6 1.1 Definition of the key ingredient/activity 6 1.2 Rationale of its importance 6 1.3 Potential impact on organizational outcomes 7 1.4 Organizational symptoms that suggest that the function is not being performed correctly 7 1.5 Key descriptive models 8 Figure 1.1 – Decisions in Designing Job Analysis 9 1.6 Key steps in executing the prescribed models, processes or techniques 9 Figure 1.2 – Start of a Job Analysis 11 1.7 Issues that could prevent this function from being successfully executed 11 1.8 Critical success factors/activities that must be completed in order to successfully execute this function 12 Sample of a Job Analysis 12 2. Job Evaluation 15 2.1 Definition of the key ingredient/activity 15 Figure 2.1 – Job Evaluation 15 2.2 Rationale of its importance 15 2.3 Potential impact on organizational outcomes 16 2.4 Organizational symptoms that suggest that the function is not being performed correctly 17 2.5 Key descriptive models 18 Figure 2.2 - Ways to create an internal person based structure. 20 2.8 Key steps in executing the prescribed models, processes or techniques 20 Figure 2.3 - Job evaluation’s role in determining the internal structure 21 2.7 Issues that could prevent this function from being successfully executed 21 2.8 Critical success factors/activities that must be completed in order to successfully execute this function 21 Sample of a Job Evaluation 22 3. Designing Pay Levels, Mix and Pay Structures 23 3.1 Definition of the key ingredient/activity 23 Figure 3.1 – Designing a Competitive Pay Policy 24 3.2 Rationale of its importance 24 3.3 Potential impact on organizational outcomes 25 3.4 Organizational symptoms that suggest that the function is not being performed correctly 25 3.5 Key descriptive models 26
Rewards and Compensation
By: Alix Echeverri
April 2013
Table of Contents Executive Summary 5 1. Job Analysis 6 1.1 Definition of the key ingredient/activity 6 1.2 Rationale of its importance 6 1.3 Potential impact on organizational outcomes 7 1.4 Organizational symptoms that suggest that the function is not being performed correctly 7 1.5 Key descriptive models 8 Figure 1.1 – Decisions in Designing Job Analysis 9 1.6 Key steps in executing the prescribed models, processes or techniques 9 Figure 1.2 – Start of a Job Analysis 11 1.7 Issues that could prevent this function from being successfully executed 11 1.8 Critical success factors/activities that must be completed in order to successfully execute this function 12 Sample of a Job Analysis 12 2. Job Evaluation 15 2.1 Definition of the key ingredient/activity 15 Figure 2.1 – Job Evaluation 15 2.2 Rationale of its importance 15 2.3 Potential impact on organizational outcomes 16 2.4 Organizational symptoms that suggest that the function is not being performed correctly 17 2.5 Key descriptive models 18 Figure 2.2 - Ways to create an internal person based structure. 20 2.8 Key steps in executing the prescribed models, processes or techniques 20 Figure 2.3 - Job evaluation’s role in determining the internal structure 21 2.7 Issues that could prevent this function from being successfully executed 21 2.8 Critical success factors/activities that must be completed in order to successfully execute this function 21 Sample of a Job Evaluation 22 3. Designing Pay Levels, Mix and Pay Structures 23 3.1 Definition of the key ingredient/activity 23 Figure 3.1 – Designing a Competitive Pay Policy 24 3.2 Rationale of its importance 24 3.3 Potential impact on organizational outcomes 25 3.4 Organizational symptoms that suggest that the function is not being performed correctly 25 3.5 Key descriptive models 26
References: Griffin, Dana – Demand Media Types of Employee Appraisal Systems – Retrieved April 15, 2013 from http://smallbusiness.chron.com/types-employee-appraisal-systems-1908.html Francis, K.A Heathfiel, Susan - Conduct a job evaluation – Retrieved April 12, 2013 from http://office.microsoft.com/en-us/infopath-help/conduct-a-job-evaluation-HA001189535.aspx Job Analysis Tips and FAQs http://www.job-analysis.net/G022.htm http://www.cdfa.ca.gov/employment/pdfs/JobAnalysis_CDFA_Employment.pdf Mayhew, Ruth – How to Determine the Proper Pay for Employees – Retrieved April 19, 2013 from http://smallbusiness.chron.com/determine-proper-pay-scale-employees-11259.html). Milkovich, G.T., Newman, J.M., Gerhart, B. (2011). Compensation. New York, NY: The McGraw-Hill Companies, Inc. Performance Appraisal – Retrieved April 15, 2013 from http://www.managementstudyguide.com/performance-appraisal.htm Performance Appraisal Rafiq Khattak, Hamid, PhD and Waheed, Ajmal, PhD (2010) Journal of Diversity Management – Second Quarter 2010