Compensation Group Project Undergraduate
Phase III – WAGE STRUCTURE
As a group you are to design a wage structure from the job structure and the market rates of the jobs in your organization. You must:
a) Conduct a wage survey. Find the market rates for as many of the jobs in your organization as you can. Update the information from your survey to present or to the future date that you intend to install the system. Describe where you got you information and what you did with it.
b) Develop a wage level policy. This should include the overall policy and any variations by occupational areas and levels.
c) Develop a scatter diagram and pay policy line using the labor market information for the vertical axis.
d) Develop the pay grades. Describe how you went about establishing the pay grades and why.
e) Develop the rate ranges for the pay grades. Again, describe how you established the ranges and why.
f) Write a brief report summarizing this information. Tell me what you did and why. AND create a chart/table that shows the pay grade into which each job is allocated and the pay associated with that grade. See example below.
Grade 1 Bus Drive Grounds keeper 100-150 points $12.00 — $15.00 Grade 2 Office manager Computer Tech support 151-200 points $15.01 – $22.00 Etc…