For part 2, you will be developing job descriptions, compensable factors, weights and levels, as well as evaluating benchmark jobs. As you go through the process, you will develop the internal pay structure for your organization. Your project will have 4 sections:
Using O*Net, develop job descriptions for 30 benchmark jobs (select from the attached list). You’ll also need to decide whether each job is exempt (salary) or non-exempt (hourly).
Using your strategic plan, develop the compensable factors for your organization. You’ll need to choose a minimum of 5 and a maximum of 10 compensable factors. You’ll also need to develop a weighting scheme, levels, and a job evaluation grid. If you have chosen a multiple path strategy for your organization, you’ll need to develop compensable factors, weighting scheme, levels, and a grid for each path.
Using your job descriptions from #1 and your job evaluation scheme/grid from #2, perform job evaluation on each of your benchmark jobs. Rank your jobs from highest to lowest point totals.
Narrative – Explain your rationale for each step (why you chose these jobs from the list, why these compensable factors and weights are important to your strategy, why you rated each job at a certain level).
Your report will be single-spaced in a 12 point font. There is not a page minimum or limit so be brief but tell me what you need to tell me.
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