Lesson 6 Compensation Exercise
This week we will learn about something that touches and impact everyone of us: compensation.
Â· Pynes (2013) chapter 7 explains the development and maintenance of compensation systems.
Â· Dhillon et al. (2017) answers this important question for the public sector: “Do higher wages prevent corruption (bribe taking)?”
Â· Reilly (2013) reviews three types of works within two different occupations.
Â· Glittleman and Peirce (2012) used two primary data sources to address the question whether state and local government workers overcompensated.
Please complete the following assignment by Friday, October 7:
Â· Pynes’ Compensation Exercise in the “Compensation” chapter.
Please access Pynes’ Job Evaluation Exercise in the “Compensation” chapter. Read the job descriptions for each job, and work individually to do the following:
1. Using the form provided, rate each job with the point system on the Job Evaluation Computation Worksheet.Preview the document and indicate the relative ranking of the jobs based on their total point. Each job can only use a particular level only once. This means that if you believe a Job Developer has the highest level of Supervision, it cannot also have the highest level of Accountability. Therefore blank blocks will appear for each job. And each block will include the LEVEL AND POINTS (eg. 3-120). Again, using the form provided, rate each job with the point system and indicate the relative ranking of the jobs based on their total point. You will submit the completed form.
2. In 1000 words maximum(a penalty for going over the word limit applies) answer the following questions:
1. Provide a rationale for the points assigned.
2. Does the ranking seem logical? If not, it may be necessary to reanalyze the positions or change the point system.
3. Provide the different assumptions you made that resulted in the relative rank of the positions?
4. How objective is the process of salary determination?
Only for questions 1-3, feel free to use I statements in your presentation and there is no need to provide citations. This does not apply to question 4.
Write up your answers to the question in Q & A format and submit it by Friday, October 7.