HRPD705 Strategic Compensation Assignment
Task 1
Using the point method, develop a job evaluation system for the “Eastern Provincial University” case using the maximum number of points set at 1000.
- The compensable factors you have selected for the system, including two sub-factors from each of the categories; (15 marks)
- The factor scales you are using (use four factor scales) refer to example in Exhibit 5.10 (page92 of the text), (15 marks)
- Weight the factors and develop a summary rating chart as shown in Exhibit 1 – SAMPLE SUMMARY RATING CHART FOR POINT METHOD OF JOB EVALUATION on eCentennial (15 marks)
- In completing your job evaluation plan, you should have provided a set of well-designed job evaluationscales.Thenapplyyoursystemtothedifferentjobssothatthereisapointtotal for each job. This will produce a single hierarchy of jobs. Arrange the jobs in order of the point totals, with the lowest at the bottom and highest at the top. Provide a summary of the result s and display the information in a table similar to Exhibit 2 –RESULTS OF JOB EVALUATION APPLIED TO JOBS AT A CANADIAN HOSPITAL on eCentennial(15 marks) Important Notes: It is critical for you to have good understanding of the contents of Chapter
Task 2
Software engineers directly affect the success of many start-up companies. Suppose that a group of investors is about to create a new start-up,a specialty software company based in Fort Mc Murray, Alberta.These investors have hired you to help them determine the marketing manager’s pay. What would you advise? You will need to get some information on Fort McMurray and on the specialty software industry. Consider the information from the text
in Chapter 7 Exhibits 7.1, 7.2, and 7.11 in making your recommendation. Exhibits posted on
eCentennial.
- What policy regarding external competitiveness would you advise? List the options and the pros and cons of each policy option. Offer the rationale for your recommendation.
- What forms of pay would you recommend? Again, offer your rationale.
- Consider the theories and research presented from the text in Chapter 7. Identify and discuss which ones you used to support your recommendation.
- List three pieces of additional information you would like to have to refine your recommendation. Explain how this information would help you