Author Question: Kayla, an HR manager, is in the process of creating a market-competitive pay plan. For an accounting ... (Read 47 times)

iveyjurea · **on:** Sep 23, 2019

Question 1

What is the first step in creating a market-competitive pay plan?
◦ reviewing relevant job descriptions
◦ choosing benchmark jobs
◦ selecting compensable factors
◦ evaluating external and internal wage curves

Question 2

Kayla, an HR manager, is in the process of creating a market-competitive pay plan. For an accounting job at the firm, she has assigned the following weights: 70% for job complexity, 25% for effort, and 5% for working conditions. What is the next step Kayla must take in the process?
◦ drawing the internal and external wage curves
◦ converting percentage weights into point values
◦ reviewing job descriptions and specifications
◦ defining the degree for each compensable factor

emily12345 · **Reply #1 on:** Sep 23, 2019

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