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Essay

Building a Pay Structure

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Issue:

Business

 

Written by:

Cedrick F

 

Date added:

September 24, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 829

 

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4399 times

 

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Essay content:

Rates from case 2 to complete the column. Job evaluation points were used as X data; survey rates were used as Y data. A regression analysis to Determine a market pay line, or "pay policy line" (PPL) is also provided through the attached Excel document. This PPL is a mathematical way to translate our points into dollars, based on the external labor market...
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Calculated midpoints for each grade are provided as well by using the established middle point of each point range in the PPL equation, by substituting this value for X. Grade maximums and minimums are also provided by calculating pay ranges around the midpoints. Typically, the size of a pay range is based on some judgment about how the ranges support promotions, career paths, and other organization systems...
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