Strategic Planning and ManagementJanuary 26, 2021
Compensation Considerations” Please respond to the following:
Determine the best way to leverage compensation surveys to set the level of compensation for your current (or future) job position. Provide specific examples to support your response.
determine how you would integrate internal job structures with external market pay rates to set a base pay rate for the position you researched THE POSITION IS TALENT MANAGEMENT SPECIALIST FOR BRYAN COUNTY GEORGIA PUBLIC SCHOOLS
PLEASE NO MORE THAN 1 PAGE
THE FOLLOWING BELOW IS AN EXAMPLE AND CANNOT BE USED.
EXAMPLE: It is critical to compare the associated job descriptions being surveyed and not just the job titles. The best way for organizations to leverage compensation surveys for current and future job positions are to:Background of Compensation Surveys:Research organizations or firms who already conduct compensation surveys to study strategies.The Extent of Compensations Surveys:Look for and study industries, jobs and types of organizations that are most relevant to an organizations purpose.Compensations Survey Methodology Review of the elements of methodology to insure consistency with standards of honorable industries and organizations such as SHRM – Society for Human Resource Management.Number of participants associated with Compensation Survey It is imperative for great compensation surveys that organizations focus on a number of their target population. For example, a compensation survey does not have to cover an organizations entire industry in order to be superior. Just one or two dozen employers or organizations and be utilized to obtain valid data. determine how you would integrate internal job structures with external market pay rates to set a base pay rate for the position you researched. The position I researched was Director of Human Resources for AmeriGroup. To integrate internal job structures with external market pay rates will be to set abase pay rate based on the position would be to set pay rates by using market pay rates within the industry as pinpoints in paying in between below and above the ordinary market rates to prevent a competitive disadvantage. Also perform a survey data which are characteristics for statistical analyst needed to integrate internal job structures with external market.