Analyzing Compensation Plans

Deliverable Length: 5-7 slides with speaker notes of 200-250 words per slide (excluding title and reference slides)

Create a presentation that addresses the following in your analysis:

Review the type of job analysis used by your organization and determine if it is effective. Then, evaluate whether other types of analyses would work better for the type of work performed in your organization.
Discuss the methods of job evaluation your organization uses and make any recommendations for improving the validity of the data gained from this evaluation.
Analyze the process used to tie job descriptions to criteria for candidate selection, paying particular attention to the validity of the correlation between job tasks and candidate criteria.
Review and recommend ways to improve the compensation structure to match the strategic targets for internal and external pay equity, rates, scales, and market position.
Assignment Objectives

Develop a compensation plan for an organization that promotes both internal and external pay equity.

Implement a system of selecting human resources that is both valid and reliable.

Discuss the elements of job analysis and job evaluation.

Identify the components of direct and indirect compensation.

Conduct structured interviews for the selection of human resources.

Part 2: Create an outline for this assignment

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