Premium Essay

Practiotioners Guide

In: Business and Management

Submitted By Alixcita
Words 17074
Pages 69
Practitioner’s Guide to Total
Rewards and Compensation

By: Alix Echeverri
April 2013 Table of Contents
Executive Summary 5
1. Job Analysis 6
1.1 Definition of the key ingredient/activity 6
1.2 Rationale of its importance 6
1.3 Potential impact on organizational outcomes 7
1.4 Organizational symptoms that suggest that the function is not being performed correctly 7
1.5 Key descriptive models 8
Figure 1.1 – Decisions in Designing Job Analysis 9
1.6 Key steps in executing the prescribed models, processes or techniques 9
Figure 1.2 – Start of a Job Analysis 11
1.7 Issues that could prevent this function from being successfully executed 11
1.8 Critical success factors/activities that must be completed in order to successfully execute this function 12
Sample of a Job Analysis 12
2. Job Evaluation 15
2.1 Definition of the key ingredient/activity 15
Figure 2.1 – Job Evaluation 15
2.2 Rationale of its importance 15
2.3 Potential impact on organizational outcomes 16
2.4 Organizational symptoms that suggest that the function is not being performed correctly 17
2.5 Key descriptive models 18
Figure 2.2 - Ways to create an internal person based structure. 20
2.8 Key steps in executing the prescribed models, processes or techniques 20
Figure 2.3 - Job evaluation’s role in determining the internal structure 21
2.7 Issues that could prevent this function from being successfully executed 21
2.8 Critical success factors/activities that must be completed in order to successfully execute this function 21
Sample of a Job Evaluation 22
3. Designing Pay Levels, Mix and Pay Structures 23
3.1 Definition of the key ingredient/activity 23
Figure 3.1 – Designing a Competitive Pay Policy 24
3.2 Rationale of its importance 24
3.3 Potential impact on organizational outcomes 25
3.4 Organizational symptoms that suggest that the function is not being performed...

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