QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > HR Management Posted 30 Sep 2017 My Price 8.00

Project Assignment - Individual Equity This phase of your compensation project

Project Assignment – Individual Equity

 

This phase of your compensation project deals with individual equity. Use the Information Systems Technician (IST) for this phase. There are 5 individuals in this job. We will identify them as IST1, IST2, IST3, IST4, and IST5. The data for this project is provided below. Your task is to design a system for allocating pay increases. Explain the system. Allocate pay increases. Show the location of these 5 information systems technicians in the pay grade before and after the raise.

 

Individual       Salary              Performance                # years with org.         # years in job   sex

 

IST1                .95x                 4                                  2                                  1                      M

 

IST2                .7x                   5                                  3                                  2                      F

 

IST3                x                      5                                  2                                  1                      F

 

IST4                1.05x               4                                  2                                  2                      F

 

IST5                1.4x                 3                                  3                                  3                      M

 

Note: x is the midpoint of the grade that the Information Systems Technician positions fall in within your pay system. Performance was rated on a 1 to 5 scale with scale points of 1 – very poor, 3 – average, and 5 – very good.

 

Report - The report will be evaluated based upon your addressing each of the following criteria:

 

1.Convert all pay data for your pay grade chart for the position of IST from Phase to monthly salary data.

 

2.Show your pay grade chart from phase 2. Only show the grade that the IST was located in.

 

3.Reproduce the table (shown above) with the calculated salaries for all 5 Information Systems Technicians. The pay increase budget is 5% of the monthly salary of all 5 Information Systems Technicians. In other words, add up the 5 salaries and determine what the overall 5% dollar amount is.

 

4.Devise a system to allocate pay increases, based on material presented in class. Explain your system, justifying it. Your system should take into account performance information. Make sure you use the 5% budget.

 

5.Graphically show the location of the Information Systems Technicians in the pay grade before and after the increase.

 

6.Show all computations.

 

7.Explain how all pay raises were determined. Specifically, explain how you followed your system, and for those positions that might have fallen outside of the range, what actions you took and why.

Answers

QuickHelper
(10)
Status NEW Posted 30 Sep 2017 01:09 PM My Price 8.00

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