Your Perfect Assignment is Just a Click Away

We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

HRM Compensation and Benefits Wage Comparison Exercise

HRM Compensation and Benefits Wage Comparison Exercise

Question Description

I’m working on a management exercise and need support to help me understand better.

following the instructor’s comment edit the paper.

Read the entire exercise (all questions) before beginning. More compensation information is available than ever before. Go to www.salary.com (Links to an external site.) or any other on-line salary website. These sites provide pay data on hundreds of jobs in cities all over the United States in may different industries. Identify several (3) jobs of interest to you, including your own. Select specific cities or use the U.S. national average. Obtain the median, the 25th and 75th percentile base wage, and total cash compensation rates for each job and other relevant data necessary to address the following questions. Submit your responses to the following questions on line in Word format. Include the job descriptions (you may have to copy and past to a word document), pay ranges and other relevant information.

1. List all of the jobs that you chose. Which jobs are paid more or less? (rank them) Is this what you would have expected? Why or why not?

2. Do the jobs have different bonuses as a percentage of their total cash compensation package? What could explain these differences?

3. Read the job descriptions. Are they accurate descriptions for jobs that you would be applying for or evaluating? Why or why not? Are there jobs for which you cannot find an appropriate match? Why would this be the case?

4. Check out these jobs at either your company of those being advertised. Where did you find the jobs? How does the pay for jobs advertised either at your company or elsewhere differ from the pay levels on salary.com? Why do these differences exist?

5. How could you/your employees use this information while negotiating salaries? What factors will influence the final salary level?

6. What is the relevant labor market for these jobs? How big are the differences between salaries in different locations?

7. For each job, compare the median salary to the low and high averages. How much variation exists? What factors might explain this variation in pay rates for the same job?

8. Look for a description of how these salary data are developed. Do you think it provides enough information? Why or why not? Discuss some of the factors that might impair the accuracy of these data. What are the implications of using inaccurate salary data for individuals or companies?

9. With this information available for free, why would you bother with consultant’s surveys?

10. If you were a manager, how would you justify paying one of your employees either higher or lower than the results shown on this Web site?

【both job should base on Boston】

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Gold Grades only hire the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Gold Grades are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Gold Grades is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Gold Grades, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.