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Essay Available:
Pages:
1 page/β‰ˆ275 words
Sources:
1 Source
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Designing a Pay Structure

Essay Instructions:

(11) Describe how a company designs a pay structure, and evaluate how to make sure pay structure is in line with actual pay. 
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
(12) An organization’s pay should comply with the laws. Elaborate on the legal requirements in regards to pay within an organization.
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
(13)List and explain the perceptions employees use to determine the fairness of the company’s procedures and outcomes. 
Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Course Textbook Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2011). Fundamentals of human resource management (4th ed.). Chicago, IL: McGraw-Hill.

Essay Sample Content Preview:

Designing a Pay Structure
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Institution:
Designing a Pay Structure
A pay structure for a company refers to the method the company uses to administer its pay philosophy. In designing a pay structure, the human resource (HR) management must first create job descriptions for all the available positions in the company. They should then conduct a job analysis and perform job evaluation. They should perform a role evaluation for salary against both the internal data and the external data (Noe, et al. 2011). In addition, the employer should participate in salary surveys in the labor market they are operating which is important in determining the pay levels for the specific jobs. In order to make sure that the pay structure is in line with actual pay, the company need to have a formal way of evaluating the value of each work in the organization. This helps to ensure that there is a fair pay for each job position
(Noe, et al. 2011).
When determining the wages and salaries that the company will pay to its employees, it is important to understand not only the economic conditions but also the l...
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