Business Finance Homework Help

QUESTION 1

When designing a system that creates internal equity, a point method discussed in Chapter 6 can help ensure internal equity by assigning factors and weights objectively to roles. There are a number of factors any organization can utilize based on the jobs within the company and what is valued by the organization. Managed by Q, the company in the case study, has a number of different roles.

• Make academic arguments for selecting three factors that would be appropriate for a job evaluation.
• Indicate what types of job would be represented by these factors.
• Discuss why you chose these factors.

QUESTION 2 

It is not unusual in organizations with low turnover and longevity to find that new hires are offered similar rates as more senior employees within the organization. This is often due to market demands and can cause pay inequity within the organization including compressed salaries between levels.

• Discuss options and strategies that are supported by credible evidence to correct such issues if you were presented with this situation as the Director of HR. 

Job Analysis Homepage From HR Guide | Job Evaluation Homepage From HR Guide | Pay for Knowledge Compensation Plans | O Net Online | Bureau of Labor Statistics: National Data | Bureau of Labor Statistics: State Data | Bureau of Labor Statistics: Metropolitan Data