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School

Toronto Metropolitan University *

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Course

523

Subject

Management

Date

May 8, 2024

Type

png

Pages

1

Uploaded by CoachOryxPerson1131 on coursehero.com

Instructions In Assignment #1 Your group developed a Compensation Strategy. Now your group will work to apply it to the positions in the organization and its employees. Part 1: Using the Point-Factor method template, perform a Job Analysis for 3 jobs (Appendix 2) and include justification for the values you have selected for each compensable factor. Steps include: Review the C&B Assignment Part 2 Instructions to view required Appendices Complete the Point-Factor Job Evaluation Template for each position within Appendix 1 including final ratings using the job descriptions in Appendix 2 and definitions/ratings in Appendices 3 & 4. Use Appendix 5 to identify the Band Number and corresponding Midpoint. All jobs are to be assessed using 4 generic compensable factors which are considered in the Pay Equity Act, 1988 as the key cnteria for assessing whether jobs are substantially equal and thereby requiring equal pay. 00 o0o0 m = 8 Using PayScale Salary.com, and/or the 2022 Randstad Salary Guide [available via Ares], research Market Comparisons for each role and determine if your analysis is consistent. Include a screenshot of your findings as an Appendix. o Use Kitchener/Waterloo/Cambridge/Guelph where possible as your gecgraphic reference point. If not, all Ontario is okay. However, please be sure to note which you used. Discuss your findings and whether they were as you had expected. What worked in this exercise and what didn't? Is there anything that you would need to adjust? Part 2: Based on the work you did in Assignment #1 and Part 1 above, develop a merit pay matrix. Create an appropriate performance appraisal system for your new structure including: Performance Measurement System/Method(s) Frequency of Appraisals How it vall link performance to pay How feedback will be provided Mechanisms for appeal/procedural justice 000 00 Formatting: Word or PDF Report: o PayScale research for all 4 positions
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