"Factors that influence the design of a pay structure" Essays and Research Papers

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    Factors that influence job design‚ hiring‚ training and performance appraisals that supervisors must take into account. Staff members are required to perform a clear set of job activities that are designed to accomplish organizational objectives (Lewis‚ Packard‚ & Lewis‚ 2007). There are two considerations that should be taken into account when designing specific staff roles. The first consideration is that the job will need to be designed to meet accomplishment of program objectives‚ satisfaction

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    Pay Structure

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    HRM – 300 The decision of which internal pay structure to use and the process used to design it matters greatly to an organization. “Research suggests that attending to the fairness of the design process and the approach chosen‚ is likely to achieve employee and management commitment‚ trust‚ and acceptance of the results” (Milkovich‚ Newman‚ & Gerhart 2011‚ pg.150). There are two types of approaches; job-based and person-based (which is split between skills and competency). Job-based

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    Pay Structure

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    Range of grade and pay systems / structures‚ their ‘fit’ for organisational context and link to strategy 1. Pay structure (3 or 4) Broad-banding Job family Spot rates 2.2 Performance Appraisal Armstrong (1998) points out that the performance appraisal schemes is essential for organization which often contain ratings of performance factors‚ such as volume‚ quality and knowledge of work‚ dependability‚ innovation‚ staff development and communication and an overall rating. Clive

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    Designing a Pay Structure

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    Designing a Pay Structure Bianca Humphrey Indiana Wesleyan University Course Instructor 11/07/2014 I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper‚ I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing

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    Designing a Pay Structure

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    DESIGNING A PAY PLAN STRUCTURE ESTABLISHING A COMPENSATION PHILOSOPHY The first step in designing a pay structure is to establish/identify an organization’s compensation philosophy. During this phase of the design‚ it is determined where within the market the organization wants to position itself‚ i.e.‚ at market‚ as a leader in the market or lagging the market. Once this decision has been made‚ range penetration strategies must be determined. This phase of the plan design deals with how an

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    Factors effecting pay

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    Identify the external influences that may affect pay levels within an organization: Economy Markets Industry Taxation Competitors Salary trends Pay cuts Shareholders Union Competitive Positioning Where does the organisation want to be in the market in terms of pay: On par with competitors Below industry (cost focused strategy) Leader in the market Set own trends Market pricing This is a system of collecting data on the pay rates for similar jobs in other organisations to establish

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    Building a Pay Structure

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    The following in an analysis of the overhaul of the pay structure for the non-union jobs at HealthRx (the CEO position is also excluded). Our method for doing so follows the "Pay Structure" outline. Job evaluation points of relevant benchmark jobs at HealthRx are indicated in the column labeled (Points (X) on the attached Excel document. Market rates‚ from a pay survey analysis conducted by HealthRx‚ for jobs not included in case 2‚ are indicated in the next column. Rates from

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    Orchestra's Pay Structure

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    1. Describe the orchestra’s pay structure in terms of levels‚ differentials and job- or person-based approach. The orchestra’s pay structure has many different levels‚ which is structured in a hierarchal nature. The differentials‚ which indicate the pay differences among levels‚ are evidenced by the fact that those that play instruments that are more highly valued are paid more. Typically‚ the positions that add more value or require greater skills are paid more than others. Since‚ there is a comparison

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    Chapter 10 Organisational Structure and Design Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia LO6 Students will evaluate two types of organisational structures and recommend a structure for a given situation Key elements a) Hierarchy and departmentalisation economic growth b) Centralisation versus decentralisation c) Mechanistic versus organic d) Span of control Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia 2 LEARNING

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    CHAPTER 8 DESIGNING PAY LEVELS‚ MIX AND PAY STRUCTURES LEARNING OBJECTIVES 1. Identify the major decisions in establishing externally competitive pay. 2. Describe the purpose(s) of a salary survey. 3. Discuss the importance of defining the relevant market in a pay survey. 4. Explain the steps involved in designing a pay survey. 5. Describe the key issues involved in interpreting the results of a pay survey. 6. Explain how the market pay line combines the internal structure with external market

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